The traditional way of inserting finality clauses, which is usually crafted as “the decision of the Tribunal is final and binding” may not be useful to waive right to submit to the Bench for review. To sum up, according to the draft proclamation, arbitral awards are final but subject to review by the Bench unless expressly agreed to waive their right for review.

The way in which State immunity is applied can tell us something about the scale of values of the society in which we live. It is striking, for instance, to note that despite the rhetoric of human dignity in international law, the international community rejects the possibility of a “human rights exception” to immunity but accepts the commercial exception.

The book offers an updated and comprehensive view of the status of the different legal regimes that govern sovereign debt operations. While this book was not written with the outbreak in mind, it provides unique insights into the legal challenges that states and policy makers from the global south ought to consider when facing the challenges of the post Covid-19 world.  The following post offers some takeaways from the book.

The most glaring gap in global economic governance is the lack of an orderly and fair sovereign debt restructuring arrangement.  Annamaria Viterbo’s new volume, Sovereign Debt Restructuring: the Role and Limits of Public International Law, helps us understand why this is so and how we might move forward. 

In this piece, we follow up on Uzodinma’s arguments, especially as it relates to the broader significance of the prima facie case put forward by Nigeria that ‘the GSPA, the arbitration clause in the GSPA and the awards were procured as the result of a massive fraud perpetrated by P&ID.’ Nigeria further argued that ‘to deny them the opportunity to challenge the Final Award would involve the English court being used as an unwitting vehicle of the fraud.’

I am delighted to introduce the book symposium on my new monograph titled Sovereign Debt Restructuring: The Role and Limits of Public International Law. Unfortunately, the time could not be riper to discuss the role played by international law in sovereign debt restructuring. In fact, as a consequence of the ongoing economic recession caused by the COVID-19 pandemic, the world is facing a new systemic sovereign debt crisis.

Afronomicslaw.org, the leading blog on international economic law focused on Africa and the Global South, is looking to hire an Editorial Assistant to provide support to Editors on a regular basis in connection with the blog, the African Sovereign Debt Justice Network Project, (AfSDJN); and other associated projects of the organization.

This contract Web Designer position is responsible for designing, writing, modifying, testing, debugging, documenting, and implementing a new blog website. In particular, the web designer will make sure the new look gives prominence to the African Sovereign Debt Justice Network and its activities.

Afronomicslaw.org, the leading blog on international economic law and justice issues in the Global South seeks to fill the position of a Coordinator for its African Debt Justice Initiative (AfSDJN).

A primary objective of the AfSDJN is to undertake research, advocacy, tactics and strategies around the changing nature of debt, globally and in Africa, which threatens economic development, social cohesion and several gains made in building social contracts in recent years. Afronomicslaw.org is grateful to Open Society Initiative for Southern Africa, (OSISA) Economic Justice Program and Open Society Foundation’s African Regional Office.