Abstract
Abstract Sovereign debt defaults have long ignited debate in international finance as debtors, creditors, and global entities wrestle with clashing interests. Trust law emerges as a fair and objective method, with trusts formed to manage and disburse funds for creditor advantage. This article investigates trust law’s relevance to sovereign debt defaults, presenting case studies and examining its impartiality. The article assesses trust law’s pros and cons, proposing its future use as an auxiliary tool alongside debt restructuring. In essence, the article thoroughly scrutinises trust law’s function in tackling sovereign debt defaults, highlighting its significance as a just and unbiased mechanism.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
