"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...

Review of the Monograph: Fforde, Adam (2009), Coping with Facts: A Skeptic’s Guide to the Problem of Development, Bloomfield, CT: Kumarian Pr Inc. ; ISBN-13: 978-1565492684, 246 pages

A central policy concern since the onset of the Greek debt crisis in 2010 has been whether sovereign debt restructurings trigger credit default swaps (CDS). For the first time since AIG threatened to default on its CDS in 2008, the Greek debt crisis returned CDS to the global spotlight. The...