The Monetary Gold Principle and the Member States Responsibility

Abstract

The Monetary Gold Principle is closely related to the concept of international responsibility. According to the ICJ Judgment (1954) in the Case of the Monetary Gold Removed from Rome in 1943, the Court should not exercise its jurisdiction to adjudicate in a case between two parties, when the legal interests of a third party “would not only be affected by the decision, but would form the very subject matter of the decision”. This paper attempts to find out if the Monetary Gold Principle can be applied if the third party is an international organizations and how it is connected to the member states responsibility.