£89.09

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£89 today · all-time low £89 (Aug 2026) · usually the usual

Cambridge University Press The International Law of Sovereign Debt Dispute Settlement (Cambridge Studies in International and Comparative Law)

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£90.27 £88.33 £88.76 £89.18 £89.60 £90.02 £90.45 26 July 2026 30 July 2026 04 August 2026 08 August 2026 13 August 2026
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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.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
22 September 2022
Listed Since
06 March 2022

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