"International law on sovereign defaults is underdeveloped because States have largely refrained from adjudicating disputes arising out of public debt. The looming new wave of sovereign defaults is likely to shift dispute resolution away from national courts to international tribunals and...

Principal-Agent (P-A) theory sees the fact of delegation as defining a relationship be-tween states (collective Principals) and international organizations (Agents) with recon-tracting threats being the predominate way states influence IOs. Developing a category of Trustee-Agents, I argue that...