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Odious Debt

Public international law does not encompass external sovereign debt. In particular, the current status of ‘odious debt’, which may also be termed ‘illegitimate debt’, in international law epitomizes the weakness of international law with respect to external sovereign debt. Odious debt is subject to...

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Autor principal: Basaran, Halil Rahman
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Netherlands 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9958306/
https://www.ncbi.nlm.nih.gov/pubmed/36915858
http://dx.doi.org/10.1007/s10991-023-09322-0
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author Basaran, Halil Rahman
author_facet Basaran, Halil Rahman
author_sort Basaran, Halil Rahman
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description Public international law does not encompass external sovereign debt. In particular, the current status of ‘odious debt’, which may also be termed ‘illegitimate debt’, in international law epitomizes the weakness of international law with respect to external sovereign debt. Odious debt is subject to politics and ad hoc relations on the international stage. By and large, the law engages with external sovereign debt on the national level—e.g., via the national laws and the national courts of financial centers. In the event of a dispute regarding external sovereign debt, it is very rare that international law or international adjudication deal with external sovereign debt.
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spelling pubmed-99583062023-02-28 Odious Debt Basaran, Halil Rahman Liverp Law Rev Article Public international law does not encompass external sovereign debt. In particular, the current status of ‘odious debt’, which may also be termed ‘illegitimate debt’, in international law epitomizes the weakness of international law with respect to external sovereign debt. Odious debt is subject to politics and ad hoc relations on the international stage. By and large, the law engages with external sovereign debt on the national level—e.g., via the national laws and the national courts of financial centers. In the event of a dispute regarding external sovereign debt, it is very rare that international law or international adjudication deal with external sovereign debt. Springer Netherlands 2023-02-25 2023 /pmc/articles/PMC9958306/ /pubmed/36915858 http://dx.doi.org/10.1007/s10991-023-09322-0 Text en © The Author(s), under exclusive licence to Springer Nature B.V. 2023, Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Article
Basaran, Halil Rahman
Odious Debt
title Odious Debt
title_full Odious Debt
title_fullStr Odious Debt
title_full_unstemmed Odious Debt
title_short Odious Debt
title_sort odious debt
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9958306/
https://www.ncbi.nlm.nih.gov/pubmed/36915858
http://dx.doi.org/10.1007/s10991-023-09322-0
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