The Three and a Half Minute Transaction

The Three and a Half Minute Transaction
Author :
Publisher : University of Chicago Press
Total Pages : 243
Release :
ISBN-10 : 9780226924380
ISBN-13 : 0226924386
Rating : 4/5 (80 Downloads)

Book Synopsis The Three and a Half Minute Transaction by : Mitu Gulati

Download or read book The Three and a Half Minute Transaction written by Mitu Gulati and published by University of Chicago Press. This book was released on 2013 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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, when a Belgian court's novel judicial interpretation in Elliott Associates v. Peru rattled international finance by forcing a defaulting sovereign - for one of the first times in the market's centuries-long history - to repay its foreign creditors despite their refusal to enter into a restructuring agreement. Though neither party wanted this outcome, the vast majority of contracts subsequently issued demonstrate virtually no attempt to clarify the imprecise language of the clause. Using this case as a launching pad to explore the broader issue of 'stickiness' of contract boilerplate, Mitu Gulati and Robert E. Scott have sifted through more than one thousand sovereign debt contracts - dating back to the nineteenth century - and interviewed hundreds of practitioners to show that the problem actually lies in the nature of the modern corporate law firm. The financial pressure on large firms to maintain a high volume of transactions contributes to an array of problems that deter innovation and that are largely hidden from the individual lawyer tasked with drafting contracts. With the near certainty of massive sovereign debt structuring in Europe, The Three and a Half Minute Transaction speaks to critical issues facing the industry and has broader implications for contract design that will ensure it remains relevant to our understanding of legal practice long after the debt crisis has subsided"--Unedited summary from book jacket.


The Three and a Half Minute Transaction Related Books

The Three and a Half Minute Transaction
Language: en
Pages: 243
Authors: Mitu Gulati
Categories: Law
Type: BOOK - Published: 2013 - Publisher: University of Chicago Press

DOWNLOAD EBOOK

"Boilerplate language in contracts tends to stick around long after its origins and purpose have been forgotten. Usually there are no serious repercussions, but
Half Magic
Language: en
Pages: 212
Authors: Edward Eager
Categories: Juvenile Fiction
Type: BOOK - Published: 1999 - Publisher: Houghton Mifflin Harcourt

DOWNLOAD EBOOK

Publisher Description
If I Stay
Language: en
Pages: 320
Authors: Gayle Forman
Categories: Young Adult Fiction
Type: BOOK - Published: 2009-04-02 - Publisher: Penguin

DOWNLOAD EBOOK

The critically acclaimed, bestselling novel from Gayle Forman, author of Where She Went, Just One Day, and Just One Year. Soon to be a major motion picture, sta
Hallucinations
Language: en
Pages: 284
Authors: Oliver Sacks
Categories: Science
Type: BOOK - Published: 2012-11-06 - Publisher: Knopf Canada

DOWNLOAD EBOOK

Hallucinations, for most people, imply madness. But there are many different types of non-psychotic hallucination caused by various illnesses or injuries, by in
The Unforgiving Minute
Language: en
Pages: 418
Authors: Craig M. Mullaney
Categories: Biography & Autobiography
Type: BOOK - Published: 2009-02-19 - Publisher: Penguin

DOWNLOAD EBOOK

“The Unforgiving Minute is one of the most compelling memoirs yet to emerge from America's 9/11 era. Craig Mullaney has given us an unusually honest, funny, a