Public international law does not encompass external sovereign debt. In particular, the current status of ‘odious debt’, which may also be termed ‘illegitimate debt’, in international law epitomizes the weakness of international law with respect to external sovereign debt. Odious debt is subject to politics and ad hoc relations on the international stage. By and large, the law engages with external sovereign debt on the national level—e.g., via the national laws and the national courts of financial centers. In the event of a dispute regarding external sovereign debt, it is very rare that international law or international adjudication deal with external sovereign debt.

中文翻译：

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恶债

国际公法不包括外部主权债务。尤其是“恶债”，也可称为“非法债务”，在国际法中的现状体现了国际法在主权外债方面的弱点。恶债受制于国际舞台上的政治和临时关系。总的来说，法律涉及国家层面的外债——例如，通过国家法律和金融中心的国家法院。在发生关于外债的争端时，国际法或国际裁决很少涉及外债。