Anna Gelpern
Feature
Bankruptcy, Backwards: The Problem of Quasi-Sovereign Debt
121 Yale L.J. 888 (2012). This Feature considers the debts of quasi-sovereign states in light of proposals to let them file for bankruptcy protection. States that have ceded some but not all sovereign prerogatives to a central government face distinct challenges as debtors. It is unhelpful to analyze these challenges mainly through the bankruptcy lens. State bankruptcy posits an institutional...
Jan 5, 2012