02110cam a2200313 a 4500 16531916 BD-DhUL 20160808114751.0 101104s2011 enka b 001 0 eng 2010045606 9780521196994 (hardback) DLC DLC DLC BD-DhUL pcc K4448 .W35 2011 343.037 22 WAS LAW051000 bisacsh Waibel, Michael, LL. M. Sovereign defaults before International courts and tribunals / Michael Waibel. Cambridge ; New York : Cambridge University Press, 2011. lvi, 366 p. : ill. ; 24 cm. USD 89.10 Cambridge studies in international and comparative law ; 81 Includes index. Bibliography: p. 330-349 "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. Debts, Public Law and legislation. Debts, External Law and legislation. ddc BK 94901 94901 0 0 ddc 0 343_037000000000000_WAS 0 NFIC 158039 DUL DUL GEN 2012-12-10 Purchased 343.037 WAS 477249 2016-08-08 2016-08-08 BK