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Fonds vautours: Contrer la stratégie du passager clandestin

par Zacharie, Arnaud
Référence La Revue internationale et stratégique, 108, 4, page (26-36)
Publication Publié, 2017-11

Article révisé par les pairs

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Résumé :

For two decades, some indebted countries have been victims of "vulture funds". Taking advantage both of international financial system's evolution and lack of an international law regarding states bankruptcy, these funds refuse sovereign debt restructuring agreements and claim a 100 % payment, at the expense of states' budgetary revenues, and other creditors. These unfair strategies, often called "free-rider strategy", led to several legislative initiatives in recent years. These measures would worth multilateral scale implementations.