State Succession to Debts and Assets: The Modern Law and Policy
Paul R. Williams
American University - Washington College of Law
affiliation not provided to SSRN
Harvard International Law Journal, Vol. 42, No. 2, 1994
When a state dissolves, or when territorial entities of a state break away and become independent states, those states and other members of the international community are faced with a host of legal questions concerning the continuation of the predecessor state’s treaty obligations, succession to the predecessor state’s membership in various international organizations, an the allocation of its debts and assets. This article addresses the legal rules governing the allocation of debts and assets among successor states, and in particular the role of the creditor states in formulating that allocation.
Number of Pages in PDF File: 65
Keywords: state succession, state assets, Yugoslavia, dissolution
JEL Classification: N40working papers series
Date posted: April 3, 2012 ; Last revised: April 10, 2012
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