There is no global system for dealing with unjust or unpayable debt. And where debt cancellation has happened in the past, it has come with damaging conditions which which often leads to an even worse economic situation. For many years, campaigners have been calling for a fair and transparent system for handling sovereign debt. In coordination with academics, activists and legal experts Jubilee Scotland has created a framework for sovereign debt workout right here under Scots Law. You can download the full pack of briefings, or individual papers if you have a particular area of interest:

• Scotland as a seat of fair and transparent arbitration for unjust and unpayable debt (25 pages)
• 1. Introduction to the Arbitration Pack
• 2. Scotland – A Seat of Sovereign Debt Arbitration Nov 2012
• 3. Sovereign Debt Arbitration Rules (Modifications)
• 4. Scottish Arbitration Rules – The modifications (explanatory briefing)
• 5. Sovereign debt arbitration in Scotland- creating a Debt Arbitration Panel
• 6. Funding Sovereign Debt Arbitration in Scotland

If you are interested in learning more, please contact us!