Acta Universitatis Danubius. Juridica, Vol 12, No 2 (2016)

Abstract

On 10 September 2015, the United Nations general assembly voted on nine principles concerning the restructuring of sovereign debts. It has been largely related with the ongoing economic Greek crisis, however it is more accurate to consider this resolution as one of the latest outcomes of the long Argentinean debt crisis and its international repercussions.

For over 20 years Argentina has been in the centre of international scene when talking about sovereign debt. It survived the 2001 crisis and its recovery, is one of the fewest in world history. However, its sovereign debt restructuration in 2006 ended up before courts all over the world. This produced an unthinkable effect: it showed us how much has international law developed over these last years in order to adapt itself to this new reality were States are no longer the only big players in the international arena.

This paper pretends to focus on the Argentinean cases before International Courts. Having proved its value to the International Law field, this paper might be considered an small contribution in the tumultuous path to understand sovereign debt’s regulation.