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33

Sovereign debt is not cancelled by a change in regime. But sovereign nations cannot be compelled to do anything. If I have a personal or business debt that I can't or won't pay, then there is a system of law that my creditor can use. They can go to the court and get a order that is given to bailiffs. The bailiffs can then come to my home and take my ...


12

There is the opposite concept, called odious debt. The new democratic government argues that the debts of the old dictatorship are not legimitate. Creditors are obviously not happy with the idea and fight strongly against it.


11

Is it the same country? Usually even the largest regime changes assert a continuity with the previous country, acknowledging that they will consider the existing treaties valid. Of course, they may still default on some agreements (e.g. loans) as any other government can with the same consequences. If this is not done and the new leadership is asserting that ...


7

As Peteris answered, this is related to the problem of Succession of States. If the new regime declares it is the successor to the old regime, it inherits its treaties, and its debts. If it declares it is a new state, it does not... though their creditors may not agree. Some regimes try to have it both ways: act as successor for the good parts, act as a new ...


1

No. https://cbonds.com/bonds/62843/ After 2014 Ukrainian revolution new democratic government refused to repay debt before Russia, signed in december 2013 by previous president Yanukovich with due december 2015.


1

So, you have a theory but need case material. How do you find it? Networking Your question doesn't specify what kind of expertise you have or what field in particular you may be working in. It sounds like you have a theoretical focus, but lack specific regional or contextual expertise. If that's the case, then your best bet is to ask your colleagues for ...


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