(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.
Insolvency principles and the odious debt doctrine:The missing link in the debate
(January 1, 2007) Abstract: The War in Iraq has intensified the international human rights community’s attention to the staggering amount of debt facing any future Iraqi government.
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 debt, old and new: The legal intellectual history of an idea
(January 1, 2007) In a sense, all debts are odious; that is, to use dictionary definitions, “hateful; disgusting; offensive.”1 Yet insofar as international economic law today is concerned, only a certain few debts can be considered “odious debts” in order to contest and perhaps eventually to repudiate them.
The odious debt doctrine after Iraq
(January 1, 2007) The odious debt doctrine has experienced renewed popularity in the past few years; it has been heralded by academics, political commentators, economists, and politicians as a mechanism to alleviate burdens imposed by illegitimate rulers.
Insolvency principles and the odious debt doctrine:The missing link in the debate
(January 1, 2007) The War in Iraq has intensified the international human rights community’s attention to the staggering amount of debt facing any future Iraqi government.
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 debt, old and new: The legal intellectual history of an idea
(January 1, 2007) In a sense, all debts are odious; that is, to use dictionary definitions, “hateful; disgusting; offensive.”1 Yet insofar as international economic law today is concerned, only a certain few debts can be considered “odious debts” in order to contest and perhaps eventually to repudiate them.
The odious debt doctrine after Iraq
(January 1, 2007) The odious debt doctrine has experienced renewed popularity in the past few years; it has been heralded by academics, political commentators, economists, and politicians as a mechanism to alleviate burdens imposed by illegitimate rulers.
Ecuador at the crossroads: an integral audit of the public debt case
(January 1, 2007) Ecuador’s debt can be considered "illegitimate" from various perspectives: ethical, financial, legal and social. The flagrant violation of human, economic, social and ecological rights caused by the debt makes it illegitimate, unjust, immoral and unrepayable.
Illegal power plants, coal mines plague China
(December 27, 2006) On the edge of this dusty farming hamlet, the massive smokestack of the half-finished Xinfeng Power Plant looms as a monument to China’s out-of-control demand for energy.
Local authorities lambasted for environment neglect
(December 26, 2006) China’s top environmental official lambasted grassroots authorities here Tuesday, saying that serious local protectionism has fostered rampant environmental violations.
SEPA: hear petitions or face penalties
(December 26, 2006) Beijing: China’s environmental watchdog will help handle from now on environmental petitions to avoid being involved in court litigation again.
Huge China dam costly to farmers
Chongqing, China: Officials here say the mammoth Three Gorges Dam Project along the historic Yangtze River will control deadly flooding, provide electricity to millions of people, and create vital inland navigation along a 400-mile long reservoir.
France cancels 80% of its Iraqi debt
(December 22, 2006) France cancels the equivalent of $US5.2 billion of Iraqi debt, amounting to 80% of France’s claims towards Iraq.
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