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The question of intercreditor equity is one of the most contentious issues in debt restructuring, both historically and today.
Intercreditor Equity in Sovereign Debt Restructuring maps and establishes the content of these intercreditor equity rules, and examines how they influence the restructuring process.
List of contents
- Introduction
- 1: The Role of Intercreditor Equity in Sovereign Debt Restructuring
- 2: Sovereign Powers in Crisis Resolution
- 3: Intercreditor Equity Rules Applicable to Debt Instruments Governed by International Law
- 4: Intercreditor Equity Rules Applicable to Debt Instruments Governed by Domestic Law
- 5: International Law Protection of Creditors Holding Debt Instruments Governed by Domestic Law
- 6: Interconnected and Conflicting Rights
- 7: Systemic Challenges and the Future of Intercreditor Equity Disputes
- 8: The Outlook for Broader Systemic Reform
About the author
Astrid Iversen is an Associate Professor at Inland Norway University of Applied Sciences. She is currently on leave from this position to do research on Central Banks' Expanding Role in Financial Markets in Times of Crisis, in a joint project between the University of Oslo and Inland Norway University of Applied Sciences. She holds a PhD and a Master of Law from the University of Oslo. She has also studied banking and finance law at ESADE Law School in Barcelona and was a Visiting Scholar at Lauterpacht Centre for International Law at the University of Cambridge.
Summary
The question of intercreditor equity is one of the most contentious issues in debt restructuring, both historically and today. Intercreditor Equity in Sovereign Debt Restructuring maps and establishes the content of these intercreditor equity rules, and examines how they influence the restructuring process.
