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From odious debt to odious finance: Avoiding the externalities of a functional odious debt doctrine

(January 1, 2008) This Article looks at the generally agreed upon characteristics of the odious debt doctrine and considers the unintended consequences and externalities that would ensue if this doctrine were ever made regularly operative. The enlivened scholarly debate surrounding the odious debt doctrine assumes that debt is the sole finance vehicle for despotic governments. This is simply not the case.

A Convenient Untruth: Fact and Fantasy in the Doctrine of Odious Debts

(January 1, 2008) The previous regime [in Iraq] accumulated a heavy burden of foreign debts to states which financed the tyrant’s wars against his people first, and then against our neighbors. The foreign loans helped him build a huge military apparatus and manufacture weapons of mass destruction, including chemical weapons which he used against the Iraqi people in Halabja. The loans supported his system of oppression and paid for his palaces and prisons during the war against Iran when Iraq’s oil revenue was extremely low.

Support grows for landmark debt cancellation bill

(December 28, 2007) The Jubilee Act for Responsible Lending and Expanded Debt Cancellation currently under consideration by the U.S. Congress, has gained support both in the U.S. House of Representatives and the U.S. Senate. The debt-relief legislation seeks to dissolve the debts of 67 of the world’s poorest countries owed to the United States, other official creditors in the Paris Club, the IMF, World Bank and other international financial institutions.

China’s environmental regulator may require listed firms to disclose environmental information

(December 24, 2007) The State Environmental Protection Administration (SEPA) wants listed companies to disclose environmental information, the official China Daily reported. The newspaper cited Ge Chazhong, an official with SEPA, as saying that the agency is drafting rules for compulsory disclosure, which could be finalized in the next six months. The new reporting system could include key emission indexes for sulfur dioxide and carbon dioxide and company targets to increase energy efficiency and reduce emissions.