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The impact of (international) armed conflict on international economic law has become a subject of renewed interest since, in particular, the Iran--Iraq War of 1980--1988 and, to a lesser extent, the Falkland/Malvinas War of 1982. The military operations against Iraq during the 1990--1991 Kuwait crisis, and, more recently, the events in the former Yugoslavia have added a new dimension to this part of international law. The subject of this book is the reciprocal effect of armed conflict and international economic relations. The rules on visit, search, diversion and capture, instruments such as blockade or the rules on termination or suspension of trade agreements and the law of neutrality provide classic examples. `Traditional' and `classic' do not necessarily mean that these long-standing rules are now invalid. One of the purposes of this book is to examine the state of important rules of international prize law and of fundamental principles of the law of neutrality. The essays collected here contribute to a few important capita of international economic law.