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- Title
ODIOUS DEBT, OLD AND NEW: THE LEGAL INTELLECTUAL HISTORY OF AN IDEA.
- Authors
Feinerman, James V.
- Abstract
The article offers information on the meaning of odious debt with concern to the international economic law. A brief description of the concept of odious debt and a renunciation of sovereign debt obligations is presented, followed by discussion on the new proposals on how international institutions can deal with future odious debt claims. International law states that a successor government is liable for the financial obligations incurred by a prior regime. Such policies were contested by a revolutionary regimes, claiming that all financial obligations by a previous reactionary governments as odious debts.
- Subjects
OBLIGATIONS (Law); INTERNATIONAL law; PUBLIC debts; INTERNATIONAL finance; INTERNATIONAL economic relations; LENDER liability; COLLECTION laws; DEBT management; COMMERCIAL loans
- Publication
Law & Contemporary Problems, 2007, Vol 70, Issue 4, p193
- ISSN
0023-9186
- Publication type
Article