Category: Odious Debts

Odious, illegitimate, illegal or legal debts – What difference does it make for international Chapter 9 arbitration?

(January 1, 2007) Once upon a time, sovereign debts were just that — debts or the entitlement to be repaid fully, including interest. During the 1970s it was thought unnecessary to make any distinctions between debts, based on the assumption that sovereigns might possibly become illiquid, but could never become insolvent.

Odious, illegitimate, illegal or legal debts – What difference does it make for international Chapter 9 arbitration?

(January 1, 2007) Once upon a time, sovereign debts were just that — debts or the entitlement to be repaid fully, including interest. During the 1970s it was thought unnecessary to make any distinctions between debts, based on the assumption that sovereigns might possibly become illiquid, but could never become insolvent.

China’s reporters face a backlash over investigations

(December 21, 2006) In a country where media censorship is national policy, Liu Jianqiang has pulled off some remarkable journalistic scoops. When a wealthy socialite struck and killed a farmer with her BMW in northeastern China three years ago — and then got off with a slap on the wrist — it was Mr. Liu, an investigative reporter from out of town, who dug deep into the case.