The Bankruptcy of Nations: Let the Law Reflect Reality

International Lawyer, Forthcoming

UNSW Law Research Paper No. 2009-20

40 Pages Posted: 17 Jun 2009

See all articles by Ross P. Buckley

Ross P. Buckley

University of New South Wales (UNSW) - Faculty of Law

Abstract

A bankruptcy regime is a central part of each national financial system. Yet no regime exists for insolvent sovereigns. As a result too much capital flows into poor countries in good times and is often repaid at the expense of the basic human rights of the poor in these countries in bad times. This paper examines the case for a sovereign insolvency regime, and considers Chapter 9 of the US Bankruptcy Code as a model for such a regime.

Keywords: Bankruptcy Law, insolvent sovereigns

Suggested Citation

Buckley, Ross P., The Bankruptcy of Nations: Let the Law Reflect Reality. International Lawyer, Forthcoming; UNSW Law Research Paper No. 2009-20. Available at SSRN: https://ssrn.com/abstract=1420426

Ross P. Buckley (Contact Author)

University of New South Wales (UNSW) - Faculty of Law ( email )

Sydney, New South Wales 2052
Australia

Register to save articles to
your library

Register

Paper statistics

Downloads
116
Abstract Views
749
rank
237,535
PlumX Metrics