TY - JOUR
T1 - Debts unravelled
T2 - trust law's unbiased approach to resolving sovereign defaults
AU - Mak, Charles Ho Wang
PY - 2023/6
Y1 - 2023/6
N2 - 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.
AB - 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.
UR - http://gateway.isiknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=LinksAMR&SrcApp=PARTNER_APP&DestLinkType=FullRecord&DestApp=WOS&KeyUT=000990595800001
U2 - 10.1093/tandt/ttad023
DO - 10.1093/tandt/ttad023
M3 - RGC 21 - Publication in refereed journal
SN - 1363-1780
VL - 29
SP - 437
EP - 443
JO - Trusts & Trustees
JF - Trusts & Trustees
IS - 5
ER -
