000 03003cam a2200349 a 4500
005 20250918143942.0
008 110819s2011 enka b 001 0 eng
020 _a9780521196994 (hardback)
_cRM 295.34
039 9 _a201206201203
_badnan
_c201205101042
_dmasrul
_y08-19-2011
_zmasrul
040 _aDLC
_cDLC
_dDLC
_dUKM
090 _aC47.7.W335 2
090 _aC
100 1 _aWaibel, Michael,
245 1 0 _aSovereign defaults before International courts and tribunals /
_cMichael Waibel.
260 _aCambridge, UK :
_bCambridge University Press,
_c2011.
300 _alvi, 366 p. :
_bill. ;
_c24 cm.
490 0 _aCambridge studies in international and comparative law ;
_v81
504 _aIncludes bibliographical references (p. 330-349) and index.
505 8 _aMachine 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'--
_cProvided 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.
907 _a.b15140982
_b2021-05-28
_c2019-11-12
942 _c01
_n0
_kC47.7.W335 2
914 _avtls003477062
990 _amab
991 _aFakulti Undang-Undang
998 _au
_b2011-06-08
_cm
_da
_feng
_genk
_y0
_z.b15140982
999 _c498377
_d498377