INTERNATIONAL LAW AND VULTURE FUNDS: IN SEARCH OF ALTERNATIVE SOLUTIONS

In recent years, there has been growing concern among politicians, the academic world and the general public about the aggressive strategies implemented by 'vulture funds' in sovereign debt markets and their negative effects, especially on the economies of developing countries. In the abse...

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Autor principal: Pavlidis , George
Formato: Artículo revista
Lenguaje:Español
Publicado: Facultad de Derecho. Departamento de Derecho Público 2020
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Acceso en línea:https://revistas.unc.edu.ar/index.php/recordip/article/view/27774
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record_format ojs
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str R-10
container_title_str Revistas de la UNC
language Español
format Artículo revista
topic vulture funds
sovereign debt
debt crisis
restructuring
collective action clauses
anti-vulture legislation
Fondos buitre
deuda soberana
crisis de deuda
reestructuración
cláusulas de acción colectiva
legislación contra los fondos buitres
spellingShingle vulture funds
sovereign debt
debt crisis
restructuring
collective action clauses
anti-vulture legislation
Fondos buitre
deuda soberana
crisis de deuda
reestructuración
cláusulas de acción colectiva
legislación contra los fondos buitres
Pavlidis , George
INTERNATIONAL LAW AND VULTURE FUNDS: IN SEARCH OF ALTERNATIVE SOLUTIONS
topic_facet vulture funds
sovereign debt
debt crisis
restructuring
collective action clauses
anti-vulture legislation
Fondos buitre
deuda soberana
crisis de deuda
reestructuración
cláusulas de acción colectiva
legislación contra los fondos buitres
author Pavlidis , George
author_facet Pavlidis , George
author_sort Pavlidis , George
title INTERNATIONAL LAW AND VULTURE FUNDS: IN SEARCH OF ALTERNATIVE SOLUTIONS
title_short INTERNATIONAL LAW AND VULTURE FUNDS: IN SEARCH OF ALTERNATIVE SOLUTIONS
title_full INTERNATIONAL LAW AND VULTURE FUNDS: IN SEARCH OF ALTERNATIVE SOLUTIONS
title_fullStr INTERNATIONAL LAW AND VULTURE FUNDS: IN SEARCH OF ALTERNATIVE SOLUTIONS
title_full_unstemmed INTERNATIONAL LAW AND VULTURE FUNDS: IN SEARCH OF ALTERNATIVE SOLUTIONS
title_sort international law and vulture funds: in search of alternative solutions
description In recent years, there has been growing concern among politicians, the academic world and the general public about the aggressive strategies implemented by 'vulture funds' in sovereign debt markets and their negative effects, especially on the economies of developing countries. In the absence of an international mechanism for the restructuring of sovereign debt, developing countries with financial difficulties and their private creditors must negotiate in good faith to forge a fair and viable restructuring agreement. At the same time, more coordinated action is needed to discourage vulture fund strategies. The use of voluntary codes, the use of Collective Action Clauses with characteristics of aggregation and, as a last resort, the introduction of carefully drafted national legislation against vulture funds should constitute the key elements of such coordinated action.
publisher Facultad de Derecho. Departamento de Derecho Público
publishDate 2020
url https://revistas.unc.edu.ar/index.php/recordip/article/view/27774
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