Rote use of a standard-form contract term can erode its meaning, a phenomenon made
worse when the process of encrustation introduces various formulations of the term. When …

In the aftermath of the 2003 US-led invasion of Iraq, scholars of international relations
debated how to best characterize the rising tide of global opposition. The concept of “soft …

Argentina's 2001 default was followed by a complex debt restructuring that included a long
legal dispute with so-called vulture funds and other holdout creditors. The resolution of the …

ABSTRACT NML v. Argentina, the" trial of the century" in sovereign debt, is finally poised for
settlement negotiations. International experience, incentives for the parties themselves, and …

The literature on sovereign debt treats law as of marginal significance, largely because the
doctrine of sovereign immunity leaves creditors few potent legal remedies against sovereign …

The debt crisis currently facing Puerto Rico is geographically small in scope but enormous in
its legal complexity and policy implications. Grappling with worsening structural problems …

A venerable tradition in both judicial opinions and legal scholarship argues that the law best
serves sophisticated parties when it enforces contracts according to their plain meaning.'The …

This article examines public opinion toward sovereign debt disputes. Using evidence from
multiple surveys fielded in Argentina—the country at the center of the most prominent legal …

The global sovereign debt market, lacking a formal bankruptcy regime or binding regulatory
oversight, is fundamentally shaped by the specter of conflicts between debtors that refuse to …

The unique characteristics of sovereign debt finance provide fertile ground for opportunistic
behavior and intractable disputes among states and their creditors. Lacking reliable …