![](https://clsbluesky.law.columbia.edu/wp-content/uploads/sites/2/2016/11/walker2.jpg?w=300&h=188&crop=1)
Restructuring Venezuelan Debt
As sovereign borrowers and their creditors know all too well, the legal framework governing their respective rights and obligations (the so-called international financial architecture) lacks an effective means to enforce payment in most circumstances or to modify payment obligations when …