In the News
Is the world finally ready to restructure sovereign debt?
Prof. Schwarcz has argued for the creation of a multilateral and transnational legal framework approach to sovereign debt restructuring since 2000. On Sept. 9, the United Nations General Assembly cast an unprecedented vote to construct a multilateral framework as a means of reforming the global financial system. In this Q&A, Prof. Schwarcz discusses the implications of the U.N. vote.