This blog discusses the Mozambique Constitutional Council decision in Case No:05/CC/2019, holding that the loans made by Credit Suisse and VBT to three Mozambiquan entities were null and void because they were unconstitutional and incurred in violation of the country's budget law. The basis for...

The paper proposes a new approache to managing distressed African sovereign bonds denominated in foreign currency and governed by foreign law. It argues that the stakeholders in such debtIn should seek to disrupt inter-creditor dynamics and create incentives for bondholders to be more open to...

While the question of how effectively the IFIs have performed their international economic, financial, social, environmental and developmental responsibilities in their work with these debtor countries has been extensively analyzed and debated, their compliance with their applicable...