The ILA itself was founded in October 1873. Its original name, "The Association for the Reform and Codification of the Law of Nations", was changed to the International Law Association in 1895. The Monetary Law Committee of the ILA was established by the Executive Council of the ILA in 1951. The original rapporteur was F.A. Mann and the President was Max Gutzwiller. Read more...
This piece has been written by Sir William Blair, Chair of MOCOMILA for many years. The contributions of Sir William Blair are too many to mention. If one tried to summarize those contributions, the totality of the description would likely exceed the length of this history. Sir William Blair's contributions have been so substantial that they defy succinct description. There can be no doubt that Sir William Blair chaired MOCOMILA through one of the most turbulent periods in world financial history. Under his leadership, the Committee carefully studied several financial crises and their aftermaths, the implications of pandemic and war on the global financial system, and the formation of monetary unions and the experience of a country leaving a monetary union and another country that came close to leaving. Through it all, MOCOMILA had as its Chair a person who was an erudite thought leader as well as a diplomat with enormous capability. The Committee would be remiss if it did not acknowledge and celebrate the leadership of its Chair, Sir William Blair. Read more ...