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Acknowledgments vii
Introduction 1
Chapter 1 A Story of Sticky Boilerplate Begins in Brussels 9
Chapter 2 The Sovereign Bond Contract 18
Chapter 3 Theories Explaining the Stickiness of Contract Boilerplate 33
Chapter 4 The Importance of Elliott: The Official Story 45
Chapter 5 Market Responses 53
Chapter 6 The Faithful Lawyer 73
Chapter 7 The Imperfect Agent 89
Chapter 8 Rituals and Myths 109
Chapter 9 The Hunt for Pari Passu 119
Chapter 10 The Agency Costs of Big Law 139
Chapter 11 Epilogue 166
Appendix 179
Notes 189
Index 225
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The Three and a Half Minute Transaction: Boilerplate and the Limits of Contract Design, 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
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The Three and a Half Minute Transaction: Boilerplate and the Limits of Contract Design, 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
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