Valley of Darkness: Gold Mining and Militarization in Burma’s Hugawng Valley

(January 10, 2007) The remote and environmentally rich Hugawng Valley in Burma’s northern Kachin State has been internationally recognized as one of the world’s hotspots of biodiversity. The military junta ruling Burma, together with the US-based Wildlife Conservation Society, is establishing the world’s largest tiger reserve in the valley. However, the conditions of the people living there have no received attention.

The Due Diligence Model: A New Approach to the Problem of Odious Debts

(January 3, 2007) Odious debts are debts incurred by a government without either popular
consent or a legitimate public purpose. There is a debate within
academic circles as to whether the successor government to a regime
that incurred odious debts has the right to repudiate repayment. In the
real world, however, repudiation is not currently an option granted
legitimacy by either global capital markets or the legal systems of
creditor states.

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.