Sovereign Debt : Genesis — Restructuring — Litigation / by Mauro Megliani.

Format:

Book

Author/Creator:

Megliani, Mauro.

Series:

Law and Criminology Series

Language:

English

Subjects (All):

International law.

Conflict of laws.

Comparative law.

Law--Europe.

Law.

Taxation--Law and legislation.

Taxation.

Finance, Public.

Public International Law.

Private International Law, International and Foreign Law, Comparative Law.

European Law.

Fiscal Law.

Public Economics.

Local Subjects:

Public International Law.

Private International Law, International and Foreign Law, Comparative Law.

European Law.

Fiscal Law.

Public Economics.

Physical Description:

1 online resource (1009 pages)

Edition:

2nd ed. 2026.

Place of Publication:

Cham : Springer Nature Switzerland : Imprint: Springer, 2026.

Summary:

The second edition of the book provides a thorough legal analysis of sovereign indebtedness, examining four typologies of sovereign debt – bilateral debt, multilateral debt, syndicated debt, and bonded debt – in connection with three crucial aspects: genesis, restructuring, and litigation. Its treatise-style approach makes it possible to capture in a systematic manner a phenomenon characterized by high complexity and huge multidisciplinarity. Because of this complexity and multidisciplinarity, the legal analysis is not exclusively based on international law, but also includes private international law, domestic law and financial practice. To better contextualise the phenomenon, references are made to international financial relations and international financial history. Although it follows the structure of a continental tractatus, the work presents a good balance between doctrinal and jurisprudential sources, making it a valuable reference book for scholars and practitioners alike. The main updates in the second edition include: the effects of the Covid and Ukrainian crises and the Puerto Rico default; the issue of the validity of the Mozambican, Ukrainian, and Venezuelan loans; an analysis of China’s lending policy with particular reference to Africa; a description of the Asian Infrastructure Investment Bank and the New Development Bank; the role of credit rating agencies in the bond issuing process and the ICMA Principles on green, social, and sustainable bonds; the place of marine conservation swaps and climate swaps in restructuring processes; an inquiry into the legal status of the Paris Club and an illustration of the ad hoc terms for restructuring and the Debt Service Suspension Initiative; the inclusion of single-limb collective action clauses in the terms of the bonded loans; the conclusion of the lawsuits brought by vulture funds before the US courts and of the ICSID arbitrations instituted against Argentina; and, finally, an account on the Paris Club Common Framework and the UN Basic Principles on Sovereign Debt Restructuring.

Contents:

Part I Sovereign Indebtedness: 1 Introduction

2 A Historical Outline of Sovereign Indebtedness

Part II Genesis: 3 General Problems

4 Bilateral Debt

5 Multilateral Debt

6 Syndicated Debt

7 Bonded Debt

8 Conclusion

Part III Restructuring: 9 General Problems

10 Bilateral Debt

11 Multilateral Debt

12 Syndicated Debt

13 Bonded Debt

14 Conclusion

Part IV Litigation: 15 General Problems

16 Bilateral Debt

17 Multilateral Debt

18 Syndicated Debt

19 Bonded Debt

20 Conclusion

Part V The Way Forward: 21 Evolving Scenarios

22 Final Remarks.

Notes:

Print version record.

ISBN:

9783032149879

OCLC:

1612731716