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Artwork for Clauses & Controversies

Clauses & Controversies

Mitu Gulati & Mark Weidemaier
Sovereign Debt
Ukraine
Venezuelan Bonds
Ukrenergo
GDP Warrants
El Salvador
Green Bonds
Sustainability Linked Bonds
Frozen Russian Assets
Argentina
Sovereign Bonds
Venezuela
Goldman Sachs
International Monetary Fund (IMF)
U.S. Sanctions
Russian Invasion Of Ukraine
IMF
Zambia
Odious Debts
Equity Receivership

Clauses and Controversies: A Podcast about International Finance, Contract Clauses and the Controversies Surrounding These Clauses

PublishesTwice monthlyEpisodes170Founded6 years ago
Number of ListenersCategory
Education

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Artwork for Clauses & Controversies

Latest Episodes

Ethiopia and Senegal: Debt Shenanigans? A set of recent articles in the FT by sovereign debt guru Joseph Cotterill suggest to us (reading between the lines) debt shenanigans in both Ethiopia and Senegal. We can’t figure out exactly what is going on i... more

Can We Say Anything Meaningful About a Venezuelan Debt Restructuring? Venezuela must restructure its debt if it, and its new "friends" in Washington DC, want the economy humming again. But how? The debt stock is enormous and the range of claims so va... more

Are CACs Unilateral Modification Clauses? We have always understood the collective action clause (CAC) in a sovereign bond to allow the bond issuer to propose a modification to the bond, which will bind everyone if approved by the requisite proportio... more

Will the Flip Clause Enter the Canon? Contract innovation is rare in sovereign debt markets, so we are interested whenever someone adds a new clause to the existing set of canonical forms. A number of innovations have appeared in 2025, one of which i... more

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Recent Guests

Sarah Carlson
Sovereign analyst at Moody's Ratings
Moody's Ratings
Episode: Ep 151 - Greece’s (Ratings) Rise – Wow, but also How? (ft. Sarah Carlson & Elena Duggar)
Elena Duggar
Sovereign analyst at Moody's Ratings
Moody's Ratings
Episode: Ep 151 - Greece’s (Ratings) Rise – Wow, but also How? (ft. Sarah Carlson & Elena Duggar)
Andrew Kissner
Expert in sovereign debt and author of publications on liability management exercises.
Morrison & Foerster
Episode: Ep 150 - Getting "J. Screwed" Sounds Better than Getting "Argentina'd" (ft. Andrew Kissner)
Paul Stephan
A prominent expert on international law, affiliated with the University of Virginia.
University of Virginia
Episode: Ep 147 - YPF and Argentina’s Contributions to International Law (ft. Paul Stephan)
Zohra Ahmed
Academician and expert on international finance, affiliated with Boston University
Boston University
Episode: Ep 140 - IMF Rescues Pakistan From the Brink of Default (Again) (ft. Zohra Ahmed)
Oona Hathaway
World's leading expert on countermeasures in international law and law of war
Yale Law School
Episode: Ep 139 - A Better Way to Freeze (and Seize?) Russian Assets? (ft. Oona Hathaway)
Randle DeFalco
Legal academic with expertise in the Cambodian context
Widener University
Episode: Ep 138 - Cambodia’s Debts to the US: How “Dirty” Are They? (ft. Randle DeFalco)
David Delterzo
Second year law student and researcher
University of Hawaii
Episode: Ep 138 - Cambodia’s Debts to the US: How “Dirty” Are They? (ft. Randle DeFalco)
Joseph Cotterill
Financial journalist at the Financial Times, expert in finance and law.
Financial Times
Episode: Ep 137 - Ukraine's Preliminary Debt Restructuring Deal (ft. Joseph Cotterill)

Hosts

Mark
Co-host and financial expert with extensive knowledge in international finance and contract law, bringing humor and depth to complex discussions.
Mitu
Co-host and finance analyst who engages in insightful discussions about financial instruments and sovereign debt issues, with a focus on clarity and education.

Reviews

4.9 out of 5 stars from 84 ratings
  • THE MOST EPIC PODCAST!

    I am a student but other than this podcast I only subscribe to Grant’s Interest Rate Observer and The Knowledge Project. Clauses

    Apple Podcasts
    5
    ProductiveMonsterMOM
    Canada2 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Listeners appreciate the engaging discussions and the hosts' expertise in complex financial topics.
The balance of humor and serious analysis creates an enjoyable experience for those interested in finance and law.
Many find the insights into historical and contemporary financial issues to be particularly valuable.

Talking Points

Recent interactions between the hosts and their guests.

Ep 156 - Is There Any Law of State Succession? (ft. Paul Stephan)
Q: What are the consequences of finding debt continuity in the context of Ukraine?
If some portion of the Ukrainian debt is effectively transferred to Russia, it complicates the rights of bondholders, requiring them to look at their bond contracts for guidance.
Ep 151 - Greece’s (Ratings) Rise – Wow, but also How? (ft. Sarah Carlson & Elena Duggar)
Q: Why has the fiscal adjustment in Greece been described as 'remarkable'?
The fiscal adjustment was sustained for a decade, returning to growth after a significant contraction during the crisis—arguably one of the largest in sovereign crisis history.
Ep 151 - Greece’s (Ratings) Rise – Wow, but also How? (ft. Sarah Carlson & Elena Duggar)
Q: What accounts for the developments we see in terms of Greece's credit rating since the crisis?
The remarkable transformation of Greece's credit rating has been due to successful execution of the Troika program, fiscal outperformance, and improvements in economic stability and institutional reforms since 2017.
Ep 150 - Getting "J. Screwed" Sounds Better than Getting "Argentina'd" (ft. Andrew Kissner)
Q: Are there things that would be directly translatable from this context into the sovereign debt restructuring world?
Andrew identifies potential techniques from LME practices that could, with adaptation, be applied in sovereign debt contexts.
Ep 150 - Getting "J. Screwed" Sounds Better than Getting "Argentina'd" (ft. Andrew Kissner)
Q: Can you sort of give us just the basics so we can then hop along with you and go on the ride that you take us on?
Andrew provides an overview of LMEs, explaining their definition and evolution in corporate finance, along with their implications.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Frequently Asked Questions About Clauses & Controversies

What is Clauses & Controversies about and what kind of topics does it cover?

This podcast focuses on the intricate world of international finance, emphasizing the legal and financial complexities surrounding various contract clauses. Topics such as sovereign debt, historical bond disputes, and financial instruments like total return swaps are dissected through engaging discussions that balance serious analysis with humor. The hosts explore real-world implications of these financial controversies, often intertwined with broader geopolitical issues, making it particularly relevant for listeners interested in finance, law, and international relations. Episodes feature a mix of historical context and contemporary issues, providing valuable insights into how legal frameworks affect global financial markets.

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Which podcasts are similar to Clauses & Controversies?

These podcasts share a similar audience with Clauses & Controversies:

1. Odd Lots
2. Money Stuff: The Podcast
3. Conversations with Tyler
4. Unhedged
5. Ones and Tooze

How many episodes of Clauses & Controversies are there?

Clauses & Controversies launched 6 years ago and published 170 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Clauses & Controversies?

Recent guests on Clauses & Controversies include:

1. Sarah Carlson
2. Elena Duggar
3. Andrew Kissner
4. Paul Stephan
5. Zohra Ahmed
6. Oona Hathaway
7. Randle DeFalco
8. David Delterzo

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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