Type
Part or chapter of a book
Title
NML v. Argentina: Measuring the strength of contract against sovereign immunity
In
Global Private International Law: Adjudication without frontiers
Author(s)
SGARD Jérôme - Centre de recherches internationales (Author)
MUIR WATT Horatia - (Publishing director)
BÍZIKOVÁ Lucia - (Publishing director)
BRANDÃO DE OLIVEIRA Agatha - (Publishing director)
FERNANDEZ ARROYO Diego - (Publishing director)
Editor
Cheltenham : Edward Elgar Publishing
Pages
256 - 262 p.
ISBN
9781788119221
Keywords
Argentina, IMF, bankruptcy
Abstract
EN
This chapter reviews the principal stages of the resolution of Argentina’s default, as well as the immediate conclusions one may draw from this episode. It then compares the rules for debt restructuring that found their full expression on that occasion to the core principles that back up two somewhat similar experiences: one is the generic the bankruptcy rule as developed historically at the national level, the other is the practice adopted by the IMF during the debt crisis of the 1980s. These two comparisons highlight the scope of the evolutions observed in this field since 1990, but also the unbalanced (and thus unstable) nature of the current non-regime.

BIBLIOGRAPHIC QUOTE
EXPORT