Default - The Landmark Court Battle Over Argentina s 100 Billion Debt

"This is the riveting tale of Argentina's sovereign debt drama, a complicated story that unfolds over 15 years and involves a host of characters, institutions, and issues. The country defaulted on its debt in 2001, restructured it in 2005, and was in court for the ensuing decade. The debt restructuring and the lawsuits that followed have had an outsized impact on sovereign debt law, sovereign debt markets, and sovereign debt policy: Argentina's pending default triggered an intense fight in Washington over the role of the IMF in sovereign debt restructurings; Argentina's default and its losses in court triggered the adoption (and enhancement) of a quasi-bankruptcy feature in sovereign bonds called Collective Action Clauses; the Argentina bond cases generated numerous opinions from the courts relating to what creditors can and can't do to try to collect from a country in default; and the messy outcome will serve, for years to come, as a cautionary tale to those might want to go down the same path"--

About the author

Gregory Makoff, PhD, is a senior fellow at the Centre for International Governance Innovation and an expert on sovereign debt management. A former banker specializing in debt advice, liability management, and derivatives, he has also advised the US Department of the Treasury.

Product details

• Authors: Gregory Makoff, Gregory/ Buchheit Makoff
• Assisted by: Buchheit Lee C. (Foreword)
• Publisher: Georgetown University Press
• Languages: English
• Age Recommendation: from age 18
• Product format: Hardback
• Released: 01.04.2024
• EAN: 9781647123970
• ISBN: 978-1-64712-397-0
• No. of pages: 424
• Subjects: Guides > Hobby, home > Creative design; Humanities, art, music > Religion/theology > Other religions; Social sciences, law, business > Law > Civil law, civil procedural law; Argentina, BUSINESS & ECONOMICS / Industries / General, BUSINESS & ECONOMICS / Money & Monetary Policy, BUSINESS & ECONOMICS / Economic History, LAW / Civil Procedure, POLITICAL SCIENCE / World / Caribbean & Latin American, LAW / Litigation, macroeconomics, Economic history, Politics & government, Politics and government, Monetary Economics, Economics of specific sectors, Civil procedure, litigation & dispute resolution