Sovereign DebtSymposium

Not only good faith

Staying of enforcement

Staying of enforcement plays a topical role in sovereign debt litigation as enforcing a debt claim may have a negative impact on the dynamics of restructuring processes and the regular functioning of financial markets for sovereign debt. Moreover, in the case of Highly Indebted Poor Countries (HIPCs), it may also affect the resources pledged for social expenditure. As a response to this problem, in January 2012 the United Nations Conference …