Sovereign Defaults Before Domestic Courts

Dr Hayk Kupelyants is Clifford Chance Lecturer in the Conflict of Laws at Cambridge University and a Fellow of Homerton College.

• Introduction 1: Theoretical Underpinnings of Sovereign Debt 2: Contractual Background of Sovereign Debt Litigation 3: Jurisdiction and Cognate Matters 4: Governing Law of Sovereign Bonds 5: Unilateral Modification of Sovereign Domestic-Law Bonds 6: Defences to Repayment 7: A Taxonomy of Challenges to Sovereign Debt Restructurings 8: Enforcement of Sovereign Debt

This book provides an exhaustive examination and analysis of sovereign debt litigation, before the English courts and New York courts, focusing specifically on sovereign bonds. Even for the litigator who does not specialise in sovereign bond litigation, which must be most litigators, this monograph provides a fascinating insight into the huge scale of what is at stake in such litigation, and the very complex and unique issues which arise for the adjudicator as well as states and bond-holders, in addition to examining in depth the litigation tactics that are involved. ... It is, no doubt, a must-read for the specialist practitioner and for the general litigator.