Even before the coronavirus plunged the world's financial markets, analysts and regulators had been describing the $1.2 to 1.5 trillion leveraged loan market as a ticking time bomb likely to play a role in causing the next financial crisis. Many have been denouncing problematic fundamentals in...

Why have the nine ICSID decisions arising under the U.S.-Argentina BIT been inconsistent in the face of largely undisputed facts and identical legal norms? This article suggests that the disparate opinions in the Argentine cases may be a consequence of the lack of agreement on interpretive...