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05108aam a2200505 i 4500 001 7239D7CEDDAE11EDB031D5162DECA4DB 003 SILO 005 20230418010100 008 220808t20232023enk b 001 0 eng 010 $a 2022036640 020 $a 103242236X 020 $a 9781032422367 020 $a 0367774607 020 $a 9780367774608 035 $a (OCoLC)1349651616 040 $a DLC $b eng $e rda $c DLC $d OCLCF $d YDX $d SILO 042 $a pcc 043 $a e-gr--- $a e-gr--- 050 00 $a K4450 $b .G78 2023 100 1 $a Grund, Sebastian, $d 1991- $e author. 245 10 $a Sovereign debt restructuring and the law : $b the holdout creditor problem in Argentina and Greece / $c Sebastian Grund. 264 1 $a Abingdon, Oxon ; $b Routledge, Taylor & Francis Group, $c 2023. 300 $a xvi, 224 pages ; $c 25 cm. 490 1 $a Routledge research in finance and banking law 504 $a Includes bibliographical references and index. 500 $a Based on author's thesis (doctoral - UniversitaÂt Wien, 2018) issued under title: The Holdout creditor problem : restructuring sovereign debt in Argentina and Greece. 505 0 $a Sovereign debt and its restructuring -- Holdout creditor problems and foreign law debt : the Argentine debt restructurings in courts and tribunals (2001-2016) -- Holdout creditor problems and domestic law debt : the Greek debt restructuring in courts and tribunals (2012-2020) -- Holdouts in foreign versus domestic law debt restructurings : walking back from Argentina and Greece -- A genealogy of holdout creditors : the future of sovereign debt restructuring. 520 $a "The book sheds light on the perhaps most important legal conundrum in the context of sovereign debt restructuring: the holdout creditor problem. Absent an international bankruptcy regime for sovereigns, holdout creditors may delay or even thwart the efficient resolution of sovereign debt crises by leveraging contractual provisions and, in an increasing number of cases, by seeking to enforce a debt claim against the sovereign in courts or international tribunals. Following an introduction to sovereign debt and its restructuring, the book provides the first comprehensive analysis of the holdout creditor problem in the context of the two largest sovereign debt restructuring operations in history: the Argentine restructurings of 2005 and 2010 and the 2012 Greek private sector involvement. By reviewing numerous lawsuits and arbitral proceedings initiated against Argentina and Greece across a dozen different jurisdictions, it distils the organizing principles for ongoing and future cases of sovereign debt restructuring and litigation. It highlights the different approaches judges and arbitrators have adopted when dealing with holdout creditors, ranging from the denial of their contractual right to repayment on human rights grounds to leveraging the international financial infrastructure to coerce governments into meeting holdouts' claims. To this end, it zooms into the role the governing law plays in sovereign debt restructurings, revisits the contemporary view on sovereign immunity from suit and enforcement in the international debt context, and examines how creditor rights are balanced with the sovereign's interest in achieving debt sustainability. Finally, it advances a new genealogy of holdouts, distinguishing between official and private sector holdouts and discussing how the proliferation of new types of uncooperative creditors may affect the sovereign debt architecture going forward. While the book is aimed at practitioners and scholars dealing with sovereign debt and its restructuring, it should also provide the general reader with the understanding of the key legal issues facing countries in debt distress. Moreover, by weaving economic, financial, and political considerations into its analysis of holdout creditor litigation and arbitration, the book also speaks to policymakers without a legal background engaged in the field of international finance and economics"-- $c Provided by publisher. 650 0 $a Debts, Public $x Law and legislation. 650 0 $a Debts, External $x Law and legislation. 650 0 $a Debt relief. 650 0 $a Debts, Public $x History $z Argentina $x History $y 21st century. 650 0 $a Debts, Public $x History $z Greece $x History $y 21st century. 650 7 $a Debt relief. $2 fast $0 (OCoLC)fst00888793 650 7 $a Debts, External $x Law and legislation. $2 fast $0 (OCoLC)fst00888836 650 7 $a Debts, Public $x Law and legislation. $2 fast $0 (OCoLC)fst00888866 651 7 $a Argentina. $2 fast $0 (OCoLC)fst01205614 651 7 $a Greece. $2 fast $0 (OCoLC)fst01208380 648 7 $a 2000-2099 $2 fast 655 7 $a History. $2 fast $0 (OCoLC)fst01411628 776 08 $i Online version: $a Grund, Sebastian. $t Sovereign debt restructuring and the law $d Abingdon, Oxon ; New York, NY : Routledge, 2022 $z 9781003361879 $w (DLC) 2022036641 830 0 $a Routledge research in finance and banking law. 941 $a 1 952 $l OVUX522 $d 20231021014501.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=7239D7CEDDAE11EDB031D5162DECA4DBInitiate Another SILO Locator Search