作者:Ben-Naftali, Orna; Michaeli, Keren
作者单位:University of Oxford
作者:Rudolf, Beate; Huefken, Nina
作者单位:Free University of Berlin
作者:Dunoff, Jeffrey L.
作者单位:Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
作者:Waibel, Michael
作者单位:University of Vienna; Harvard University
摘要:Over the last two decades, private creditors have increasingly resorted to litigation in national courts as a means of obtaining payment on defaulted sovereign debt. Arbitration under the auspices of the International Centre for Settlement of Investment Disputes is commonly mentioned as a viable alternative. Such attempts to take defaulting countries to arbitration could upset the sovereign debt market's delicate equilibrium, and they are also unlikely to succeed. The article shows why ICSID m...