The Reviews of 2006-2008
(1,095 words)

paragraph 122D in volume 1, chapter 8, Finance and Administration

previous paragraph

In his 6 November 2006 Report, the Secretary-General comprehensively set out the limits of the floor/ceiling mechanism, concluding that,

While the floor/ceiling mechanism provides for some protection against the weakening/strengthening of the United States dollar vis-à-vis the euro, especially when some flexibility is applied in maintaining certain rates of exchange to shield against devaluations, it does not allow for proper adjustment for t…

Cite this page
Malcolm N. Shaw, “The Reviews of 2006-2008”, in: Rosenne's Law and Practice of the International Court: 1920-2015. Consulted online on 20 October 2017 <http://dx.doi.org/10.1163/2468-5992_rose_COM_0122D>
First published online: 2017
First print edition: 20161001



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