The Principle of Good Faith in International Law

Abstract

Good faith is insufficient in bringing about a multilateral public order. An international community that applies the principle of good faith effectively does not exist. Arguably, rather than a robust juridical mechanism, good faith represents common sense in international law. However, an effective and functioning multilateral public order needs more than that. This becomes all the more palpable in respect of issues such as external sovereign debt, where public international law is inchoate.