Unconstitutional Regimes and the Validity of Sovereign Debt: A Legal Perspective, 1st Edition (Paperback) book cover

Unconstitutional Regimes and the Validity of Sovereign Debt

A Legal Perspective, 1st Edition

By Sabine Michalowski


236 pages

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Paperback: 9781138264564
pub: 2016-11-15
Hardback: 9780754647935
pub: 2007-05-28
eBook (VitalSource) : 9781315549378
pub: 2016-02-17
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Sabine Michalowski's work provides a much-needed legal perspective on the topical subject of Developing World debt repayment. The volume incorporates a single debtor country, Argentina, as an example to address global questions relating to this problem. The work assesses the range of complex issues involved in the context of international as well as national law. It further examines the political pressure creditors may apply to make vulnerable countries adapt their economic and other policies in line with their wishes. These raise obvious constitutional issues for the debtor country and pose questions of whether and how the inequality of bargaining power in such situations could influence the validity of any measures taken, whether contractual or legislative. Argentina has been chosen as a case study because as a large debtor country, it represents these sorts of issues.

Table of Contents

Contents: Introduction; Argentina's debt in its historical and political context; The doctrine of odious debts; Redefining the doctrine of odious debts; (Un)constitutionality of debts taken up by unconstitutional regimes; Substantive constitutional limits with regard to sovereign debt; Impact of the unconstitutionality of loans on creditor rights; Conclusion; Bibliography; Index.

About the Author

Sabine Michalowski is Senior Lecturer in Law at the University of Essex, UK. Her research interests are in Health Care Law, and she has published widely in these areas.

Subject Categories

BISAC Subject Codes/Headings:
LAW / General
LAW / International