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Odious debt, old and new: the legal intellectual history of an idea.

I

INTRODUCTION

In a sense, all debts are odious; that is, to use dictionary definitions, "hateful; disgusting; offensive." (1) Yet insofar as international economic law today is concerned, only a certain few debts can be considered "odious debts" in order to contest and perhaps eventually to repudiate them. In this article, the concepts of odious debt and related international legal phenomena will be examined, in both historical and contemporary context, with a view of determining the role that denomination of certain debts as odious may play in the overall process of sovereign debt rescheduling.

The article begins with a brief description of the concept of ...

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