Sovereign Defaults Before International Criminal Courts and Tribunals

7 Pages Posted: 11 Mar 2015 Last revised: 21 May 2015

See all articles by John A. E. Pottow

John A. E. Pottow

University of Michigan Law School

Emily Iversen

University of Michigan Law School

Date Written: March 1, 2015

Abstract

This book review probes Michael Waibel’s new book, Sovereign Defaults Before International Courts and Tribunals. Waibel's project is ambitious, exploring international attempts to address sovereign defaults over the past century and a half. Through painstaking and comprehensive historical analysis, Waibel shows how we've been here before -- a sober reminder for those thinking Argentina is simply part of a new fad in financial default. With the UN now turning its attention to sovereign debt issues, this study is especially timely. Although somewhat disappointing in the lightness of its normative content, the book should nevertheless prove helpful to those considering the role adjudicative tribunals (especially arbitral ones) might play in this current round of reform recommendations.

Keywords: sovereign debt, bankruptcy, insolvency, arbitration, courts

JEL Classification: K33

Suggested Citation

Pottow, John A. E. and Iversen, Emily, Sovereign Defaults Before International Criminal Courts and Tribunals (March 1, 2015). 49 Banking & Fin. L. Rev. 29 (Forthcoming), U of Michigan Public Law Research Paper No. 444, U of Michigan Law & Econ Research Paper No. 15-004, Available at SSRN: https://ssrn.com/abstract=2576386

John A. E. Pottow (Contact Author)

University of Michigan Law School ( email )

625 South State Street
Ann Arbor, MI 48109-1215
United States
734-647-3736 (Phone)

Emily Iversen

University of Michigan Law School ( email )

625 South State Street
Ann Arbor, MI 48109-1215
United States

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