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Sovereign defaults before International courts and tribunals /
"International law on sovereign defaults is underdeveloped because States have largely refrained from adjudicating disputes arising out of public debt. The looming new wave of sovereign defaults is likely to shift dispute resolution away from national courts to international tribunals and trans...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cambridge ; New York :
Cambridge University Press,
2011.
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| Colección: | Cambridge studies in international and comparative law ;
81. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | "International law on sovereign defaults is underdeveloped because States have largely refrained from adjudicating disputes arising out of public debt. The looming new wave of sovereign defaults is likely to shift dispute resolution away from national courts to international tribunals and transform the current regime for restructuring sovereign debt. Michael Waibel assesses how international tribunals balance creditor claims and sovereign capacity to pay across time. The history of adjudicating sovereign defaults internationally over the last 150 years offers a rich repository of experience for future cases: US state defaults, quasi-receiverships in the Dominican Republic and Ottoman Empire, the Venezuela Preferential Case, the Soviet repudiation in 1917, the League of Nations, the World War Foreign Debt Commission, Germany's 30-year restructuring after 1918 and ICSID arbitration on Argentina's default in 2001. The remarkable continuity in international practice and jurisprudence suggests avenues for building durable institutions capable of resolving future sovereign defaults"-- |
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| Descripción Física: | 1 online resource (lvi, 366 pages) |
| Bibliografía: | Includes bibliographical references (pages 330-349) and index. |
| ISBN: | 9781139077842 1139077848 9780511974922 0511974922 9781139080132 113908013X 1139069829 9781139069823 1139063308 9781139063302 1107214815 9781107214811 1283127253 9781283127257 1139075586 9781139075589 9786613127259 6613127256 |