LEADER 04240nam 22007572 450 001 9910789318603321 005 20151005020621.0 010 $a1-139-06330-8 010 $a1-107-21481-5 010 $a1-283-12725-3 010 $a1-139-07558-6 010 $a9786613127259 010 $a1-139-08240-X 010 $a1-139-07784-8 010 $a1-139-06982-9 010 $a1-139-08013-X 010 $a0-511-97492-2 035 $a(CKB)3460000000002863 035 $a(EBL)691896 035 $a(OCoLC)735593942 035 $a(SSID)ssj0000525785 035 $a(PQKBManifestationID)11318607 035 $a(PQKBTitleCode)TC0000525785 035 $a(PQKBWorkID)10507527 035 $a(PQKB)11175998 035 $a(UkCbUP)CR9780511974922 035 $a(MiAaPQ)EBC691896 035 $a(Au-PeEL)EBL691896 035 $a(CaPaEBR)ebr10476472 035 $a(CaONFJC)MIL312725 035 $a(EXLCZ)993460000000002863 100 $a20101011d2011|||| uy| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aSovereign defaults before International courts and tribunals /$fMichael Waibel$b[electronic resource] 210 1$aCambridge :$cCambridge University Press,$d2011. 215 $a1 online resource (lvi, 366 pages) $cdigital, PDF file(s) 225 1 $aCambridge studies in international and comparative law ;$v81 300 $aTitle from publisher's bibliographic system (viewed on 05 Oct 2015). 311 $a1-107-68429-3 311 $a0-521-19699-X 320 $aIncludes bibliographical references and index. 327 $aSovereign debt crises and defaults -- Political responses to sovereign defaults -- Quasi-receivership of highly indebted countries -- Monetary reform and sovereign debt -- Financial necessity -- National settlement institutions -- Arbitration on sovereign debt -- Arbitration clauses in sovereign debt instruments -- Creditor protection in international law -- ICSID arbitration on sovereign debt -- Overlapping jurisdiction over sovereign debt -- Sovereign default as trigger of responsibility -- Compensation on sovereign debt -- Building durable institutions for adjudicating sovereign defaults. 330 $aInternational law on sovereign defaults is underdeveloped because States have largely refrained from adjudicating disputes arising out of public debt. The looming new wave of sovereign defaults is likely to shift dispute resolution away from national courts to international tribunals and transform the current regime for restructuring sovereign debt. Michael Waibel assesses how international tribunals balance creditor claims and sovereign capacity to pay across time. The history of adjudicating sovereign defaults internationally over the last 150 years offers a rich repository of experience for future cases: US state defaults, quasi-receiverships in the Dominican Republic and Ottoman Empire, the Venezuela Preferential Case, the Soviet repudiation in 1917, the League of Nations, the World War Foreign Debt Commission, Germany's 30-year restructuring after 1918 and ICSID arbitration on Argentina's default in 2001. The remarkable continuity in international practice and jurisprudence suggests avenues for building durable institutions capable of resolving future sovereign defaults. 410 0$aCambridge studies in international and comparative law (Cambridge, England : 1996) ;$v81. 517 3 $aSovereign Defaults before International Courts & Tribunals 606 $aDebts, Public$xLaw and legislation 606 $aDebts, External$xLaw and legislation 606 $aArbitration (International law) 606 $aInternational courts 615 0$aDebts, Public$xLaw and legislation. 615 0$aDebts, External$xLaw and legislation. 615 0$aArbitration (International law) 615 0$aInternational courts. 676 $a343/.037 686 $aLAW051000$2bisacsh 700 $aWaibel$b Michael$cLL. M.,$0611913 801 0$bUkCbUP 801 1$bUkCbUP 906 $aBOOK 912 $a9910789318603321 996 $aSovereign Defaults before International Courts and tribunals$91138119 997 $aUNINA