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Chapter Summary

The dissolutions of the Socialist Federal Republic of Yugoslavia (the SFRY) and the Union of Soviet Socialist Republics involved an array of state lenders and commercial banks, and affected commercial entities, such as importers, exporters and fishing companies, that relied on pre-existing treaties to conduct business. Five conditioning factors and trends in state succession and commercial obligations are particularly important: (1) the density of international relationships; (2) the relative power and authority of decision makers; (3) the minimum requirements of the right to self-determination and other human rights; (4) the presence or absence of supervening geopolitical factors, if any; and (5) implicit or explicit collective decision making among international decision makers. The international responses to the invasions of East Timor and the Baltic States have created an incentive for aggressors to commit unlawful acts of aggression against weaker states.

Keywords: Baltic States; Socialist Federal Republic of Yugoslavia (SFRY); Soviet Socialist Republics; state succession



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