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dc.contributor.authorOLIVARES-CAMINAL, Ren_US
dc.date.accessioned2017-04-18T13:51:10Z
dc.date.available2017-02-17en_US
dc.date.issued2017-04-16en_US
dc.date.submitted2017-02-21T15:20:50.763Z
dc.identifier.issn1750-7219en_US
dc.identifier.urihttp://qmro.qmul.ac.uk/xmlui/handle/123456789/22521
dc.description.abstractSovereign debt crises are unavoidable, they occur and more often than expected.1 Recent events have also demonstrated that these crises, which were historically associated only with developing countries can now affect developed countries (and/or their political subdivisions) as well, making no distinctions.2 Testament of this evolutionary mutation has been the recent EU sovereign debt crisis3 and the ongoing crisis in Puerto Rico.4 Therefore, the role of contractual terms in sovereign debt instruments is of great importance in the event of having to enforce creditors’ rights. The international community has recently been occupied trying to find solutions to prevent these crises in the first place and, how to deal with them once they have taken place. If a crisis cannot be avoided, dealing with non-performing outstanding obligations presents greater challenges due to the lack of an international legal framework to deal with a universe of claims from different types of creditors.en_US
dc.format.extent164 - 179 (15)en_US
dc.languageEnglishen_US
dc.language.isoenen_US
dc.publisherOxford University Press (OUP)en_US
dc.relation.ispartofCapital Markets Law Journalen_US
dc.titleThe definition of Indebtedness and the consequent imperilling of the Pari Passu, Negative Pledge and Cross-Default Clauses in sovereign debt instrumentsen_US
dc.typeArticle
dc.rights.holder© 2017, Oxford University Press
dc.identifier.doi10.1093/cmlj/kmx021en_US
pubs.issue2en_US
pubs.notesNot knownen_US
pubs.publication-statusPublisheden_US
pubs.publisher-urlhttps://academic.oup.com/cmlj/article/12/2/164/3737560en_US
pubs.volume12en_US
dcterms.dateAccepted2017-02-17en_US


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