Kei Nakajima (University of Tokyo)

The International Law of Sovereign Debt Dispute Settlement

• Gebundenes Buch

Produktbeschreibung

Despite the absence of a multilateral mechanism for sovereign debt restructuring, a system equivalent to corporate bankruptcy is needed for highly indebted sovereign states. This book explores the mechanism of balancing bondholder protection and respect for sovereign debt restructuring at various stages of litigation and arbitration proceedings.

Produktdetails

• Cambridge Studies in International and Comparative Law
• Verlag: Cambridge University Press
• Seitenzahl: 380
• Erscheinungstermin: 7. September 2022
• Englisch
• Abmessung: 235mm x 157mm x 25mm
• Gewicht: 702g
• ISBN-13: 9781009250023
• ISBN-10: 1009250027
• Artikelnr.: 63628238

Autorenporträt

Kei Nakajima is Associate Professor of International Law at the University of Tokyo. Previously he worked at the International Court of Justice in The Hague as an Associate Legal Officer for several judges. Kei completed his two doctoral studies in Tokyo and Geneva.

Inhaltsangabe

Introduction
1. Setting the scene
2. The emerging framework for sovereign debt discourse
Part I. Regulation Through Contract and Litigation: 3. Sovereign immunities and other statutory mechanisms regulating holdout litigation
4. Collective action clauses (CACs): Contractual regulation of holdout litigation
5. The Pari Passu Clause: Regulating holdouts through injunctive relief
Part II. Regulation Through Treaty and Arbitration: 6. Jurisdiction of arbitral tribunals over sovereign debt disputes
7. Admissibility of sovereign bond claims: Mass claims arbitration as a supplemental leverage over holdouts
8. Checks and balances at the stage of merits
Conclusion
Bibliography
Index.