Protecting Public Interest in Sovereign and Municipal Restructurings

Eugenio Vaccari; Charles Ho Wang Mak; Yiannis Bazinas; Javier A. Lorente; Gabriel L. Olivera

Protecting Public Interest in Sovereign and Municipal Restructurings

Eugenio Vaccari
, Charles Ho Wang Mak
, Yiannis Bazinas
, Javier A. Lorente
, Gabriel L. Olivera

Research output: Contribution to journal › Article › peer-review

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Abstract

This paper explores the intersection of public interest and debt restructuring frameworks for sovereign and municipal debtors. The analysis underscores the need for legal systems to prioritize transparency, service continuity, and equitable burden-sharing among stakeholders, especially in the context of rising fiscal pressures and governance deficits.

Original language	English
Pages (from-to)	271-290
Number of pages	20
Journal	Norton Journal of Bankruptcy Law and Practice (West)
Volume	34
Issue number	3
Publication status	Published - Nov 2025

Keywords

insolvency
bankruptcy
municipal debt
sovereign debt
public interest

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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Accepted ManuscriptAccepted author manuscript, 85.4 KBLicence: CC BY

RPAFD: Research Network on Public Authorities and Financial Distress
Vaccari, E. (PI), Marique, Y. (PI), Coordes, L. (PI), Padovani, E. (PI), Quinot, G. (PI) & Andre, L. (PI)
1/09/23 → …
Project: Research

Cite this

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title = "Protecting Public Interest in Sovereign and Municipal Restructurings",

abstract = "This paper explores the intersection of public interest and debt restructuring frameworks for sovereign and municipal debtors. The analysis underscores the need for legal systems to prioritize transparency, service continuity, and equitable burden-sharing among stakeholders, especially in the context of rising fiscal pressures and governance deficits. ",

keywords = "insolvency, bankruptcy, municipal debt, sovereign debt, public interest",

author = "Eugenio Vaccari and \{Ho Wang Mak\}, Charles and Yiannis Bazinas and Lorente, \{Javier A.\} and Olivera, \{Gabriel L.\}",

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journal = "Norton Journal of Bankruptcy Law and Practice (West) ",

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T1 - Protecting Public Interest in Sovereign and Municipal Restructurings

AU - Vaccari, Eugenio

AU - Ho Wang Mak, Charles

AU - Bazinas, Yiannis

AU - Lorente, Javier A.

AU - Olivera, Gabriel L.

PY - 2025/11

Y1 - 2025/11

N2 - This paper explores the intersection of public interest and debt restructuring frameworks for sovereign and municipal debtors. The analysis underscores the need for legal systems to prioritize transparency, service continuity, and equitable burden-sharing among stakeholders, especially in the context of rising fiscal pressures and governance deficits.

AB - This paper explores the intersection of public interest and debt restructuring frameworks for sovereign and municipal debtors. The analysis underscores the need for legal systems to prioritize transparency, service continuity, and equitable burden-sharing among stakeholders, especially in the context of rising fiscal pressures and governance deficits.

KW - insolvency

KW - bankruptcy

KW - municipal debt

KW - sovereign debt

KW - public interest

M3 - Article

SN - 1059-048X

VL - 34

SP - 271

EP - 290

JO - Norton Journal of Bankruptcy Law and Practice (West)

JF - Norton Journal of Bankruptcy Law and Practice (West)

IS - 3

ER -

Protecting Public Interest in Sovereign and Municipal Restructurings

Abstract

Keywords

UN SDGs

Access to Document

Projects

RPAFD: Research Network on Public Authorities and Financial Distress

Cite this