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...

Full description

Bibliographic Details
Main Author: Waibel, Michael
Resource Type: Book
Language:English
Published: Cambridge Cambridge University Press 2011.
Series:Cambridge studies in international and comparative law 81
Subjects:
LEADER 02802cam a22003614a 4500
001 UP-99796217610351819
003 Buklod
005 20230503071959.0
006 a r 001 0
007 ta
008 101104s2011 enka rb |001 0|eng d
020 |a 9780521196994 (hardback) 
035 |a (iLib)UPD-00184906210 
040 |a DLAW 
041 0 |a eng 
042 |a DMLUC 
090 |a K 4448  |b W34 2011 
100 1 |a Waibel, Michael 
245 1 0 |a Sovereign defaults before international courts and tribunals  |c Michael Waibel. 
264 1 |a Cambridge  |b Cambridge University Press  |c 2011. 
300 |a lvi, 366 p.  |b ill. 
490 0 |a Cambridge studies in international and comparative law  |v 81 
505 8 |a Machine generated contents note: 1. Sovereign debt crises and defaults; 2. Political responses to sovereign defaults; 3. Quasi-receivership of highly indebted countries; 4. Monetary reform and sovereign debt; 5. Financial necessity; 6. National settlement institutions; 7. Arbitration on sovereign debt; 8. Arbitration clauses in sovereign debt instruments; 9. Creditor protection in international law; 10. ICSID arbitration on sovereign debt; 11. Overlapping jurisdiction over sovereign debt; 12. Sovereign default as trigger of responsibility; 13. Compensation on sovereign debt; 14. Building durable institutions for adjudicating sovereign defaults. 
520 |a "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"--Provided by publisher. 
650 0 |a Debts, Public  |x Law and legislation. 
650 0 |a Debts, External  |x Law and legislation. 
650 0 |a Arbitration (International law) 
650 0 |a International courts. 
842 |a Book 
905 |a FO 
950 |a Monograph 
852 1 |a UPD  |b DLAW  |h K 4448 W34 2011 
942 |a Book