000 03467cam a2200481 a 4500
001 ocn670484639
003 TZ-ArACH
005 20230918123043.0
008 101104s2011 enka b 001 0 eng
010 _a 2010045606
016 7 _a015722926
_2Uk
020 _a9781107684294
_q(paperback)
020 _a1107684293
_q(paperback)
035 _a(OCoLC)670484639
040 _aDLC
_beng
_cTZ-ArACH
042 _apcc
049 _aTZAA
050 0 0 _aK4448
_b.W35
100 1 _aWaibel, Michael,
_cLL. M.
_916872
245 1 0 _aSovereign defaults before International courts and tribunals /
_cMichael Waibel.
260 _aCambridge ;
_aNew York :
_bCambridge University Press,
_c2011.
300 _alvi, 366 pages :
_billustrations ;
_c24 cm.
490 1 _aCambridge studies in international and comparative law ;
_v81
504 _aIncludes bibliographical references (pages 330-349) and index.
505 0 _aSovereign debt crises and defaults -- Political responses to sovereign defaults -- Quasi-receivership of highly indebted countries -- Monetary reform and sovereign debt -- Financial necessity -- National settlement institutions -- Arbitration on sovereign debt -- Arbitration clauses in sovereign debt instruments -- Creditor protection in international law -- ICSID arbitration on sovereign debt -- Overlapping jurisdiction over sovereign debt -- Sovereign default as trigger of responsibility -- Compensation on sovereign debt -- 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 _aDebts, Public
_xLaw and legislation.
650 0 _aDebts, External
_xLaw and legislation.
650 0 _aArbitration (International law)
650 0 _aInternational courts.
650 7 _aLaw
_xInternational.
_2bisacsh
650 7 _aDette publique.
_2eclas
_916878
650 7 _aDette extérieure.
_2eclas
650 7 _aDroit international.
_2eclas
650 7 _aArbitrage international.
_2eclas
650 7 _aJuridictions internationales.
_2eclas
650 7 _aArbitration (International law)
_2fast
650 7 _aDebts, External
_xLaw and legislation.
_2fast
650 7 _aDebts, Public
_xLaw and legislation.
_2fast
650 7 _aInternational courts.
_2fast
830 0 _aCambridge studies in international and comparative law (Cambridge, England : 1996) ;
_v81.
_9706
942 _2lcc
_cBOOK
999 _c3765
_d3765