Judicial Enforcement of International Debt Obligations

This book is an authoritative survey of an important but underdeveloped area of international financial law: the legal issues that are most likely to arise in any judicial action to enforce an obligation. The first half of the book discusses procedural issues, including forum selection & governing law, service of process outside the forum, enforcement of judgments, & sovereign immunity. The second half focuses on the defenses that are most likely to be raised by a defendant debtor in a judicial action, such as the act-of-state doctrine, comity, & force majeure; defenses arising under the IMF Articles of Agreement; & defenses that arise under the defendant's own law. Throughout, the book's central focus is on American law, particularly New York law, because many loan agreements stipulate that New York law is the governing law in the event of litigation.Sassoon, David M. is the author of 'Judicial Enforcement of International Debt Obligations', published 1991 under ISBN 9780935328486 and ISBN 0935328483.