Applied Legal History: Demystifying the Doctrine of Odious Debts

  title={Applied Legal History: Demystifying the Doctrine of Odious Debts},
  author={Sarah H. Ludington and M. Gulati and A. Brophy},
  journal={Theoretical Inquiries in Law},
  pages={247 - 281}
"Odious debts" have been the subject of debate in academic, activist, and policymaking circles in recent years. The term refers to the debts of a nation that a despotic leader incurs against the interests of the populace. When the despot is overthrown, the new government — understandably — does not wish to repay creditors who helped prop up the despot. One argument has focused on whether customary international law supports a "doctrine" of odious debts that justifies the nonpayment of sovereign… Expand
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