Date & time
Venue
Building 7, Law School, Room 7.4.1, Phillipa Weeks Library
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Event description
The paper starts with a comprehensive introduction to Chinese lending practices, highlighting their institutional and contractual innovations. It then examines the legal ideas and actions that have given rise to the traditional framework of sovereign debt since the 1970s, and it reviews the evolution of the legal framework in response to the recurring episodes of debt crises. The paper then compares the legal actions and ideas behind the actions of the new creditor and the traditional creditors, highlighting the similar implications for the debtor countries. The paper concludes by contending that at a time when the global economic order is at its crossroads, with great powers adopting distinct views on the global economic system, a rethinking of the implications of power competition in the realm of sovereign debt from the perspective of the debtor countries in the periphery is much needed for starting to develop the international law on sovereign debt.
Speakers
Kangle Zhang
Kangle Zhang is an Assistant Professor at Peking University Law School in Beijing, China. Kangle obtained the Doctor of Laws degree from the University of Helsinki in 2020. Kangle’s research targets the linkages between international law and the economy, focusing on issues ranging from economic inequality and financial market operations, corporations in international law, environmental protection in economic development, to human right to development.
Some of the courses that Kangle taught at the University of Helsinki include Reading International Law, a methodological seminar on critical reading and writing skills, Regulatory Regimes of International Economic Law, and International Financial Regulations. Kangle teaches International Environmental Law, Public International Law and the Theories of International Law at Peking University Law School.