Capital and Exchange Controls
As widely trailed in the press, the recently-agreed Cyprus rescue package has seen it become the first eurozone country ever to apply capital controls.
In light of this development, and with tensions in the eurozone yet to subside, we have drafted a new eurozone bulletin which addresses some of the key issues surrounding capital and exchange controls:
- what they are
- their potential range and scope
- legality and restrictions
- issues of enforceability
- the wider relevance of their application in Cyprus to other EU Member States.
For further information please contact your regular Linklaters contact or click here for a list of Linklaters lawyers in various jurisdictions who will be able to help with your Eurozone-related queries.Download entire issue (as pdf)