[Download ebook] The Three and a Half Minute Transaction: Boilerplate and the Limits of Contract Design (Chicago Series in Law and Society)
▲ Mitu Gulati, Robert E. Scott ▲
| #1767523 in Books | University Of Chicago Press | 2012-11-29 | Original language:English | PDF # 1 | 9.00 x1.00 x6.00l,1.10 | File Name: 0226924386 | 240 pages |
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“Mitu Gulati and Robert E. Scott have assembled extraordinarily tantalizing evidence that even the most sophisticated contracting parties—in this case, the top investment banks and law firms responsible for issuing the bonds at the center of
Boilerplate language in contracts tends to stick around long after its origins and purpose have been forgotten. Usually there are no serious repercussions, but sometimes it can cause unexpected problems. Such was the case with the obscure pari passu clause in cross-border sovereign debt contracts, until a novel judicial interpretation rattled international finance by forcing a defaulting sovereign—for one of the first times in the market’s centurie...
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