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Type of publication: Straipsnis kitose duomenų bazėse / Article in other databases (S4)
Field of Science: Teisė / Law (S001)
Author(s): Grigienė, Jurgita;Mockienė, Akvilė
Title: Can a sovereign state declare bankruptcy?
Is part of: Baltic journal of law & politics [elektroninis išteklius]. Warsaw : Versita, 2010, Vol. 3, no. 1
Extent: p. 125-140
Date: 2010
Keywords: State;International law;Insolvency;Insolvent state;Bankruptcy;Suspension of obligation fulfilment;Repudiation of obligation fulfillment
Abstract: This article examines the issue of state bankruptcy. Since there is no uniform way to deal with the issue, attention is given to different practices and guidelines of courts' reasoning(s) on the matter. In order to answer the question of legality, as well as to confirm or disconfirm the hypothesis that sovereign state can declare bankruptcy, descriptive, analytical and comparative methods are used. The article provides a historical overview of state bankruptcies. The article also explores the existing judicial regulations, addresses the absence of international law containing a uniform or a codified bankruptcy law for states, and outlines the main principles applicable to the dispute resolution between an insolvent sovereign state and its creditors. In addition, the article analyzes the circumstances which allow states to suspend or repudiate the fulfilment of international obligations
Affiliation(s): Teisės fakultetas
Vytauto Didžiojo universitetas
Appears in Collections:Baltic Journal of Law & Politics 2010, vol. 3, iss. 1
Universiteto mokslo publikacijos / University Research Publications

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