452. The Groundbreaking Case That Changed Sovereign Debt Law with Gregory Makoff

The thing about sovereign debt is that if a country defaults on its loan, there are no international bankruptcy laws in place to ensure the creditors get their money back. So what happens then?

Gregory Makoff, a physicist turned banker, is a fellow at Harvard Kennedy School and the author of the book, Default: The Landmark Court Battle over Argentina's $100 Billion Debt Restructuring. In this debut, Makoff tells the gripping story of Argentina’s years-long court battle in the U.S. to settle a massive debt.

He and Greg chat about the tricky nature of sovereign debt, the inner-workings of the Argentina case and why it took more than a decade for the debt to be settled, and the lasting impact the case has had on sovereign debt law.

unSILOed Podcast is produced by University FM.