Can a Sovereign State Declare Bankruptcy?
| Autor: | Jurgita Grigienė, Akvilė Mockienė |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2010 |
| Předmět: |
Insolvency
Sociology and Political Science insolvency media_common.quotation_subject Valstybė / State Žmogaus teisės / Human rights suspension of obligation fulfilment Valstybės finansai. Biudžetas / Public finance. Budget Tarptautinė teisė / International law state Lietuva (Lithuania) State (polity) Research article Nemokumas international law media_common Sovereign state repudiation of obligation fulfillment insolvent state International law Bankrotas Įsipareigojimų vykdymo atsisakymas bankruptcy Bankruptcy Law Įsipareigojimų vykdymo sustabdymas Business Tarptautiniai finansiniai įsipareigojimai |
| Zdroj: | Baltic Journal of Law & Politics, Vol 3, Iss 1, Pp 125-140 (2010) Baltic journal of law & politics 2010, Vol. 3, Nr. 1, p. 125-140. |
| ISSN: | 2029-0454 |
| Popis: | This article examines the issue of state bankruptcy. Since there is no uniform way to deal with the issue, attention is given to different practices and guidelines of courts’ reasoning(s) on the matter. In order to answer the question of legality, as well as to confirm or disconfirm the hypothesis that sovereign state can declare bankruptcy, descriptive, analytical and comparative methods are used. The article provides a historical overview of state bankruptcies. The article also explores the existing judicial regulations, addresses the absence of international law containing a uniform or a codified bankruptcy law for states, and outlines the main principles applicable to the dispute resolution between an insolvent sovereign state and its creditors. In addition, the article analyzes the circumstances which allow states to suspend or repudiate the fulfilment of international obligations. |
| Databáze: | OpenAIRE |
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