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Part II Enforcement of Sovereign Debt, 10 Special Immunities »

Diego Devos
From: Sovereign Debt Management
Edited By: Rosa M Lastra, Lee Buchheit
10.01 The purpose of this chapter is to illustrate the limits set on the enforcement of creditors’ claims against certain sovereign entities when the assets subject to execution measures are held by an international organization as part of its core functions, protected as such by specific immunities from jurisdiction and execution. 10.02 The Bank for International Settlements (BIS) was indeed subject to various judicial proceedings initiated by some creditors of the Republic of Argentina between 2009 and 2012 in relation to assets held on BIS books on behalf of...