The International Law of Sovereign Debt Dispute Settlement Hardback
by Kei (University of Tokyo) Nakajima
Part of the Cambridge Studies in International and Comparative Law series
Hardback
Description
The first two decades of the twenty-first century witnessed a series of large-scale sovereign defaults and debt restructurings, in which sovereigns struggled to negotiate with recalcitrant bondholders, particularly hedge funds.
Also, the outbreak of the COVID-19 pandemic in 2020 heralded a bleak financial outlook for many developing and emerging market countries, requiring sovereign debt restructuring in times of great macroeconomic uncertainty.
Given the absence of a multilateral mechanism for sovereign debt restructuring equivalent to domestic corporate bankruptcy system, however, defaulted sovereigns often suffer from holdout litigation wrought by bondholders.
This book proposes ways in which such legal actions could be regulated without the undue expense of bondholders' remedies by exploring the mechanism of balancing bondholder protection and respect for sovereign debt restructuring at various stages of litigation and arbitration proceedings.
Information
-
Out of stock
- Format:Hardback
- Pages:304 pages, Worked examples or Exercises
- Publisher:Cambridge University Press
- Publication Date:22/09/2022
- Category:
- ISBN:9781009250023
Information
-
Out of stock
- Format:Hardback
- Pages:304 pages, Worked examples or Exercises
- Publisher:Cambridge University Press
- Publication Date:22/09/2022
- Category:
- ISBN:9781009250023
