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Marc-Philippe Weller
Die Grenze der Vertragstreue von (Krisen-)Staaten
Zur Einrede des Staatsnotstands gegenüber privaten Anleihegläubigern
[The Boundaries of Contractual Compliance for Debtor Countries in Crisis. The Defense of Necessity against Private Bondholders.]
2013. XI, 93 pages. unrevised ebook edition 2025. Published in German.
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Summary
In the current national debt crisis, the question is whether or not a debtor nation can use a national emergency as a defense against its private bondholders and thus refuse to repay the value of government bonds. Marc-Philippe Weller answers this controversial question affirming a temporary right of refusal.