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Life Sciences
New data from University of Vienna illuminate research in life sciences
March 29th, 2008
"Over the last two decades, private creditors have increasingly resorted to litigation in national courts as a means of obtaining payment on defaulted sovereign debt," scientists in Vienna, Austria report. "Arbitration under the auspices of the International Centre for Settlement of Investment Disputes is commonly mentioned as a viable alternative. Such attempts to take defaulting countries to arbitration could upset the sovereign debt market's delicate equilibrium, and they are also unlikely to succeed," wrote M. Waibel and colleagues, University of Vienna. The researchers concluded: "The article shows why ICSID may lack jurisdiction over sovereign...
Source: Law & Health Weekly (2008-03-29)
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