Die „Preisbindung der zweiten Hand“ in China bei der Vertragsgestaltung
In 2013, the State Development and Reform Commission of the People’s Republic of China and the local pricing authorities of the affected provinces of Sichuan and Guizhou imposed unusually high fines on two of the best-known state-owned enterprises, amounting to approximately EUR 54 million in total. According to the authorities’ findings, both companies set minimum […]
Leistungsverweigerungsrechte bei Staatsanleihen
Neither a payment moratorium declared by a state nor debt restructuring agreements concluded with other bondholders give rise to a right to refuse performance under international law. The defendant state, Argentina, issued an 8% Deutsche Mark bond 1997/2009 in 1997 with a total nominal amount of DM 1 billion. The bond terms provided for the […]
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