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The purpose of the paper is to examine the interaction between the sovereign debt crisis and the doctrine of state immunity. For this purpose, the ‘bail-out scheme’ for Greece and more specifically the Loan Facility Agreement concluded between Greece and its Eurozone partners is taken as a case study. The Agreement was signed by the contract­ing parties on 8 May 2010 and it included an undertaking by Greece to waive its immunity.

The Greek Financial Crisis and the voluntary conferral of jurisdiction to the ECJ in the light of state immunity