Banco do Brasil, S. A. v. A. C. Israel Commodity Co. Inc. et al.

Abstract

Treaties — Special kinds of — Articles of Agreement of International Monetary Fund — Recognition of currency regulations of member States — Enforceability of exchange contracts involving currency of foreign State and contrary to regulations of such State — Meaning of Article VIII, Section 2 (b) — Nature of obligation imposed on member States — The law of the United States of America.

International organization — Specialized Agencies of United Nations — International Monetary Fund — Articles of Agreement of — Recognition of currency regulations of member States — Enforceability of exchange contracts involving currency of foreign State and contrary to regulations of such State — Meaning of Article VIII, Section 2 (b) — Nature of obligation imposed on member States — Tort suit by foreign bank alleging violation of exchange regulations — Refusal to enforce foreign revenue laws — The law of the United States of America.