Yale Journal of International Law - Special Online Edition on Sovereign Debt

267 Pages Posted: 10 Nov 2016

See all articles by Juan Pablo Bohoslavsky

Juan Pablo Bohoslavsky

United Nations Human Rights Council

Matthias Goldmann

Max Planck Institute for Comparative Public Law and International Law; Goethe University Frankfurt - Research Center SAFE; Goethe University Frankfurt - Cluster of Excellence Normative Orders; Goethe University Frankfurt

Anna Gelpern

Georgetown University Law Center

Odette Lienau

Cornell University - Law School

Daniel Bradlow

University of Pretoria - Centre for Human Rights; American University - Washington College of Law

Michael Riegner

Humboldt University of Berlin

Jan Klabbers

University of Helsinki - Faculty of Law

Date Written: October 1, 2016

Abstract

This special issue is a cooperation of the Yale Journal of International Law and the United Nations Conference on Trade and Development (UNCTAD). It emerged from UNCTAD’s work on sovereign debt workouts, specifically from its Working Group on a Sovereign Debt Workout Mechanism (2013 to 2015). The working group developed a Roadmap and Guide for Sovereign Debt Workouts, published in 2015. It proposes an incremental approach to sovereign debt workouts that relies on the continuous, progressive development of sovereign debt restructuring practice. This work has inspired the adoption of Basic Principles for Sovereign Debt Restructuring by the United Nations General Assembly in September 2015. The special issue assembles papers that elaborate, reflect on, and critically scrutinize the incremental approach to sovereign debt restructuring. As the political momentum that would be necessary to adopt an international treaty governing sovereign debt workouts is currently lacking, the incremental approach explores the possibility of further developing current practice in line with legal principles that have emerged from progressive developments in debt restructuring practice in reaction to the crises of the last decades.

Keywords: sovereign debt, sovereign bankruptcy, international law, debt sustainability, human rights, business and human rights, indicators, legitimacy, global governance, debt crisis, financial crisis

Suggested Citation

Bohoslavsky, Juan Pablo and Goldmann, Matthias and Gelpern, Anna and Lienau, Odette and Bradlow, Daniel David and Riegner, Michael and Klabbers, Jan, Yale Journal of International Law - Special Online Edition on Sovereign Debt (October 1, 2016). Yale Journal of International Law, Vol. 41, No. 2 - special online edition, 2016. Available at SSRN: https://ssrn.com/abstract=2866333

Juan Pablo Bohoslavsky

United Nations Human Rights Council ( email )

Palais des Nations
Geneva
Switzerland

Matthias Goldmann (Contact Author)

Max Planck Institute for Comparative Public Law and International Law ( email )

Im Neuenheimer Feld 535
69120 Heidelberg, 69120
Germany

HOME PAGE: http://www.mpil.de/ww/en/pub/organization/scientific_staff/mgoldman.cfm

Goethe University Frankfurt - Research Center SAFE

House of Finance
Theodor-W.-Adorno-Platz 3
Frankfurt am Main, 60323
Germany

HOME PAGE: http://www.safe-frankfurt.de

Goethe University Frankfurt - Cluster of Excellence Normative Orders ( email )

Germany

Goethe University Frankfurt ( email )

Theodor-W.-Adorno-Platz 3
HoF H4
Frankfurt, 60629
Germany

HOME PAGE: http://https://www.jura.uni-frankfurt.de/62222403/Goldmann

Anna Gelpern

Georgetown University Law Center ( email )

600 New Jersey Avenue, NW
Washington, DC 20001
United States

Odette Lienau

Cornell University - Law School ( email )

Myron Taylor Hall
Cornell University
Ithaca, NY 14853-4901
United States

Daniel David Bradlow

University of Pretoria - Centre for Human Rights ( email )

Private Bag X20
Hatfield 0028
Pretoria
South Africa

American University - Washington College of Law ( email )

International Legal Studies Program
4801 Massachusetts Avenue N.W.
Washington, DC 20016
United States
202-274-4205 (Phone)
202-274-4116 (Fax)

HOME PAGE: http://www.wcl.american.edu/faculty/bradlow/index.

Michael Riegner

Humboldt University of Berlin ( email )

Unter den Linden 6
Berlin, AK Berlin 10099
Germany

Jan Klabbers

University of Helsinki - Faculty of Law ( email )

Porthania 5th Floor
P.O. Box 4
Helsinki, FIN-0001 4
Finland

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