The word "sovereign" is correct and can be used in written English
You can use it to refer to a ruler with supreme power or a person or entity who has absolute authority over a particular area. For example, "The sovereign's rule extended across much of the continent."
According to Eurodad, the coalition of civil society groups that campaigns on debt, there have been 600 sovereign debt restructurings since the 1950s – with many governments, including Argentina for example, experiencing one wrenching write-off after another.
Few expect a multilateral system for negotiating sovereign debt workouts to spring up overnight.
At present, a company can secure protection from creditors through insolvency but a sovereign state cannot.
Produced by the ministry of foreign affairs, the advert called on the US courts to judge the situation fairly and set a sustainable precedent for other sovereign debt defaults.
As Bahrain has never sought anonymity or sovereign immunity from the English courts for anyone in respect of this case, it expresses no view on the DPP's statement that immunity was inappropriate.
The immediate reaction in the markets is positive -- Dutch sovereign debt strengthened slightly.
Our minds might pretend to be sovereign and to see our bodies as they really are, but the truth is that we are all deluded, and never more so than when in denial about this or that shape-shifting malady.
In the impressive Hapsburg-era city hall sits a municipal assembly with powers that more closely resemble a sovereign state.
In 2004, the International Court of Justice, in its Israel wall advisory opinion of 2004, confirmed that territory can be "occupied" even if there is an underlying dispute about sovereign ownership of that territory.
While territory may be defensively occupied, it cannot be unilaterally appropriated as the country's own sovereign territory.
Anyone who is familiar with the US personal credit-rating culture from which the sovereign risk culture has grown will know that it has a Kafkaesque way of doing things.
