Countdown To Default!

Well, for those countries who sign it, it is enforzable. After some time, it might become ius cogens (international custom) and then it is enforzable to those countries who didn t sign it.

It is enforzable at Courts, it is very difficult to go against an international treaty as a judge.

Who enforces it? Well, here it might be interesting. If they describe crimes, the international criminal Court can go after people like this Singer.


Jus Cogens?

Elementary rules that concern the safeguarding of peace and notably those that prohibit recourse to force or the threat of force. Norms of ahumanitarian nature are included, such as prohibitions against Genocide, Slavery, and racial discrimination.
 
Quoting Cavallo? Do you know who he is? He is the one who signed the Plan Brady and gave up jurisdiction. Sure! What do you expect? That he confess that he f...k up and they shouldn't be paid?

I thought you'd enjoy it.
 
Jus Cogens?

Elementary rules that concern the safeguarding of peace and notably those that prohibit recourse to force or the threat of force. Norms of ahumanitarian nature are included, such as prohibitions against Genocide, Slavery, and racial discrimination.

I suggest you read art. 53 of the Viena Convention of the law of teaties for a definition of ius cogens;

https://treaties.un.org/doc/Publication/UNTS/Volume%201155/volume-1155-I-18232-English.pdf
 
Whereis Don Alberto when we need him?
http://www.buenosairesherald.com/article/181926/uk-court-says-english-law-applies-to-eurodenominated-argentinian-debt
 


And Griesa authorized to pay the bondholders by only one time...again!!!!

http://www.buenosairesherald.com/article/185104/holdouts-play-down-deal
 
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