Argentina has now taken the U.S. to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy.
The International Court of Justice on Friday requested the U.S. not execute five death-row inmates in a decision that will put both the U.S.‘s controversial capital punishment policy and its historic rejection of international legal bodies in the global spotlight.
In an unprecedented case, Bosnia sought payback in the form of billions of dollars from Serbia for the ethnic conflict that claimed thousands of lives in the 1990s. On Monday, the U.N.‘s International Court of Justice absolved Serbia of accountability for genocide but accused Belgrade of failing to thwart the Srebrenica massacre of 1995, according to the BBC.