The European debt crisis has rekindled long-standing debates about the power of finance
and the fraught relationship between capitalism and democracy in a globalized world. Why …

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 …

In the nineteenth century, many developing countries turned to the credit houses of Europe
for sovereign loans to balance their books and weather major fiscal shocks such as war …

Sovereigns have been borrowing money-and not always repaying it-for thousands of
years.'For just as long, lenders have tried to ensure that they get their money back. Until …

As tensions between investors' rights and sovereign power escalate, investor–state dispute
settlement (ISDS) has become a focal point of backlash and controversy. As a result, ISDS …

We use interviews with corporate lawyers and a data set of contracts to explore an elite area
of legal practice: sovereign bond lending. Sovereign debt lawyers work at prestigious global …

The Greek debt crisis prompted EU officials to embark on a radical reconstruction of the
European sovereign debt markets. Prominently featured in this reconstruction was a set of …

There are three reasons for attempting to reach a common understanding of the
responsibilities of sovereign borrowers and their lenders. First, the flow of capital to …

Mexican government (Diaz de Leon, 2016). Half a dozen other countries adopted single-
limb aggregation within months; each launch was equally uneventful. The financial press …

Conventional wisdom holds that boilerplate contract terms are ignored by parties, and thus
are not priced into contracts. This article tests this view by comparing Greek sovereign bonds …