The international law of sovereign debt dispute settlement

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 fin...

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書目詳細資料
主要作者: Nakajima, Kei, 1983-
格式: Livre numérique
語言:Anglais
出版: Cambridge ; New York : Cambridge University Press 2022.
Cambridge :
叢編:Cambridge studies in international and comparative law (Cambridge, England : 1996)
在線閱讀:Accès sur la plateforme Cambridge University Press
Accès sur la plateforme ISTEX (Corpus CUP Droit)
Accès Université d'Orléans
提示: Cambridge University Press - CUP - Corpus Droit (Licence nationale)
Autres localisations: Voir dans le Sudoc
Edition sous un autre format:• The International Law of Sovereign Debt Dispute Settlement, Kei Nakajima, 2022, Cambridge, Cambridge University Press, 1 volume (VIII-339 pages), Cambridge Studies in European Law and Policy, 978-1-00-925002-3
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520 |a 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. 
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