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Sovereign debt and immunity: the controversy of subsequent liability limitation for state bonds

Abstract:

This chapter engages with the limitations of jurisdictional immunity of states in cases of commercial transactions (acta iure gestionis) by looking at state bonds and immunity against claims for their repayment. There is no international consensus as to whether immunity can subsequently be restored by the issuing state through a public act of state (actus iure imperii) that unilaterally modifies or lifts the obligation of repayment. The chapter analyses the two opposing views that have been t...

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Publication status:
Published
Peer review status:
Peer reviewed

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Institution:
University of Oxford
Division:
SSD
Department:
Law
Role:
Author

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Role:
Editor
Role:
Editor
Publisher:
Springer Publisher's website
Pages:
395–416
Host title:
Sovereign Immunity under Pressure: Norms, Values and Interests
Publication date:
2022-01-19
DOI:
EISBN:
978-3-030-87706-4
ISBN:
978-3-030-87705-7
Language:
English
Keywords:
Subtype:
Chapter
Pubs id:
1169457
Local pid:
pubs:1169457
Deposit date:
2021-03-28

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