Document Type

Article

Publication Date

4-9-2013

Abstract

This essay describes fundamental flaws in the sovereign debt restructuring regime, but questions the prevailing arguments for sovereign bankruptcy. The author concludes that efficient debt outcomes may well come about without bankruptcy, but that a statutory regime is necessary to achieve sovereign autonomy and political legitimacy.

Publication Citation

50 Hous. L. Rev. 1095-1127 (2013 forthcoming)