More on the Validity of the PDVSA 2020 Bonds
Written by Mark Weidemaier, the Ralph M. Stockton, Jr. Distinguished Professor at the University of North Carolina School of Law, and Mitu Gulati, the Perre Bowen Professor of Law at the University of Virginia School of Law. Governments with no realistic prospect of paying their debts often gamble for redemption, trying desperately to avoid default. […]