Does Argentina have a viable case under the odious debt doctrine? A brief look at its debt history may be helpful. Argentina’s Minister of Economy Axel Kicillof recently insisted that his country had not defaulted on its international bonds for the eighth time in its history, but instead had suffered a “freak occurrence.” On Aug. 7, 2014, Argentina filed a suit at the International Court of Justice against the US, arguing that American courts infringed […]
Search Results for: "Antonio C. Hsiang"
On June 13, Nicaragua’s populist President Daniel Ortega signed a contract for the Nicaragua Canal project with 41-year old Chinese businessman Wang Jing without any public bidding process. The contract granted Hong Kong Nicaragua Canal Development Investment Co. (HKND), a little-known private Chinese company, the authority to “design, develop, engineer, finance, construct, possess, operate, maintain and administer” the Great Nicaragua Canal mega project. Estimated to cost $40 billion, the project includes an inter-oceanic canal, an oil pipeline, an […]