# Sovereign Debt

61 Va. J. Int’l L. 553 (2021) ♦ Article

Unlawfully-Issued Sovereign Debt

In 2016, its economy in shambles and looking to defer payment on its debts, the Venezuelan government of Nicolás Maduro proposed a multi-billion dollar debt swap to holders of bonds issued by the government’s crown jewel, state-owned oil company Petroleós…

W. MARK C. WEIDEMAIER & MITU GULATI

60 Va. J. Int’l L. 299 (2020) ♦ Article

Sovereign Debt, Private Wealth, and Market Failure

This Article argues that the norms and legal practices of global finance in the arenas of sovereign debt and private wealth have led to a significant market failure, in particular the over-supply of sovereign borrowing and a related misallocation of global capital away…

ODETTE LIENAU

60 Va. J. Int’l L. 487 (2020) ♦ Article

King Leopold’s Bonds and the Odious Debts Mystery

In 1898, in the wake of the Spanish-American war, Spain ceded the colony of Cuba to the United States. In keeping with the law of state succession, the Spanish demanded that the United States also take on Spanish debts that had been backed by Cuban revenues…

JOSEPH BLOCHER, MITU GULATI & KIM OOSTERLINCK