Argentina’s Sovereign Debt’s Crisis
before Different Fora Cover Image

Argentina’s Sovereign Debt’s Crisis before Different Fora
Argentina’s Sovereign Debt’s Crisis before Different Fora

Author(s): Agustina Noeli Vazquez
Subject(s): Law, Constitution, Jurisprudence
Published by: Editura Universitară Danubius
Keywords: Sovereign debt; International Law; Soft Law; NML vs. Argentina

Summary/Abstract: On 10 September 2015, the United Nations general assembly voted on nine principlesconcerning the restructuring of sovereign debts. It has been largely related with the ongoing economicGreek crisis, however it is more accurate to consider this resolution as one of the latest outcomes of thelong Argentinean debt crisis and its international repercussions.For over 20 years Argentina has beenin the centre of international scene when talking about sovereign debt. It survived the 2001 crisis andits recovery, is one of the fewest in world history. However, its sovereign debt restructuration in 2006ended up before courts all over the world. This produced an unthinkable effect: it showed us how muchhas international law developed over these last years in order to adapt itself to this new reality wereStates are no longer the only big players in the international arena. This paper pretends to focus on theArgentinean cases before International Courts. Having proved its value to the International Law field,this paper might be considered a small contribution in the tumultuous path to understand sovereigndebt’s regulation.

  • Issue Year: 12/2016
  • Issue No: 2
  • Page Range: 28-39
  • Page Count: 12
  • Language: English