Universität Wien
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030585 KU Sovereign Debt Restructuring (2019W)

3.00 ECTS (2.00 SWS), SPL 3 - Rechtswissenschaften
Continuous assessment of course work
Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 56 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Presence on 8 October 2019 mandatory to participate in this course (including for students on the waiting list).

  • Tuesday 08.10. 16:30 - 18:00 Hörsaal U14 Schottenbastei 10-16, Juridicum, KG1
  • Tuesday 15.10. 16:30 - 18:00 Hörsaal U14 Schottenbastei 10-16, Juridicum, KG1
  • Tuesday 22.10. 16:30 - 18:00 Hörsaal U14 Schottenbastei 10-16, Juridicum, KG1
  • Tuesday 29.10. 16:30 - 18:00 Hörsaal U15 Schottenbastei 10-16, Juridicum, KG1
  • Tuesday 05.11. 16:30 - 18:00 Hörsaal U14 Schottenbastei 10-16, Juridicum, KG1
  • Tuesday 12.11. 16:30 - 18:00 Hörsaal U14 Schottenbastei 10-16, Juridicum, KG1
  • Tuesday 19.11. 16:30 - 18:00 Hörsaal U14 Schottenbastei 10-16, Juridicum, KG1
  • Tuesday 26.11. 16:30 - 18:00 Hörsaal U14 Schottenbastei 10-16, Juridicum, KG1
  • Tuesday 03.12. 16:30 - 18:00 Hörsaal U14 Schottenbastei 10-16, Juridicum, KG1
  • Tuesday 10.12. 16:30 - 18:00 Hörsaal U14 Schottenbastei 10-16, Juridicum, KG1
  • Tuesday 17.12. 16:30 - 18:00 Hörsaal U14 Schottenbastei 10-16, Juridicum, KG1
  • Tuesday 07.01. 16:30 - 18:00 Hörsaal U14 Schottenbastei 10-16, Juridicum, KG1
  • Tuesday 14.01. 16:30 - 18:00 Hörsaal U14 Schottenbastei 10-16, Juridicum, KG1
  • Tuesday 21.01. 16:30 - 18:00 Hörsaal U14 Schottenbastei 10-16, Juridicum, KG1

Information

Aims, contents and method of the course

This course examines the international and national law of sovereign debt. It also considers policy options for preventing or mitigating sovereign debt crises. The course focuses on analysing leading cases of English and New York courts, and international courts and arbitral tribunals. It will also feature sample clauses found in domestic and international bonds, and case studies of the Eurozone crisis and of Venezuela’s possible restructuring.

Assessment and permitted materials

• Class Participation: 20%.

Seminars will be interactive. Participants are expected to discuss assigned readings during class. Class participation counts for 20 percent of the final grade.

• 2 Reflection Papers: 30%
To stimulate discussion, participants will write two response papers related to two seminars of their choice over the course of the semester. A response paper can consist of any or all of critique, summary, elaboration, expressions of disagreement or puzzlement, suggestions for further inquiry, and so on – as long as it is directed to the readings for the seminar concerned.

Response papers should be 1000-1200 words long and need to be uploaded via Moodle 48 hours prior to the relevant seminar. They need to include the participant’s name, email address and word count.

• Final exam: 50%
A closed book exam (90 minutes) is worth 50 percent of the course mark.

Minimum requirements and assessment criteria

There are no prerequisites for this course. Some prior background in international law is helpful.

Examination topics

Topics addressed in the assigned readings and in the seminars.

Reading list

Buchheit, How to negotiate Eurocurrency loan agreements (Euromoney 2nd ed 2002)

Kupelyants, Sovereign defaults before domestic courts (Oxford University Press, 2018)

Lastra and Buchheit (eds), Sovereign Debt Management (Oxford University Press 2014)

Sturzenegger and Zettelmeyer, Debt defaults and lessons from a decade of crises (MIT Press 2006)

Waibel, Sovereign Defaults before International Courts and Tribunals (Cambridge University Press 2011)

Zettelmeyer, Trebesch, Gulati, ‘The Greek Debt Exchange: An Autopsy’ (2013) 28 Econ. Pol. 513

Association in the course directory

Last modified: Fr 06.05.2022 00:15