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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 monthlyEpisodes163Founded5 years ago
Number of ListenersCategory
Education

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Artwork for Clauses & Controversies

Latest Episodes

What if POTUS wanted an OBBD? Let us say, purely hypothetically, that there is a point at which some combination of the spending excesses of the One Big Beautiful Bill, the government shutdown, a rejection by the Supreme Court of tariff mania, and mo... more

The Invasion Tax The lawsuit over Ukraine's $3 billion bond debt to Russia seems to be on hold (maybe forever) in the English courts. And maybe there is no way for the Russian government to force repayment. Still, the debt is a minor cloud hanging (a... more

Argentina Again The Trump administration says it will do “whatever it takes” to rescue the Argentine peso and bond yields, saving buddy Javier Milei from electoral disaster. We do not think the U.S. Treasury can simply dole out money to Milei. If the... more

Ukraine's Expansive "Fiscal Laws" Clause International sovereign bonds, and particularly those issued under English law, often include a clause providing that payments are subject to the applicable "fiscal and other laws." Usually, the clause makes c... 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)
Nate Oman
Legal expert and academic specializing in contracts and arbitration
Episode: Ep 144 - An Execution Sale is Not a Receivership. (Right?) (ft. Nate Oman)
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)

Hosts

Mark
Co-host with a focus on international finance and contract law, brings insights from extensive experience in the finance industry.
Mitu
Co-host and finance analyst, known for discussing legal implications in international finance and contract law.

Reviews

4.9 out of 5 stars from 80 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.

Many find the discussions enlightening, connecting legal frameworks to real-world financial implications.
The insights shared are not only engaging but also add significant value to understanding international finance.
Listeners appreciate the depth of analysis and the expertise of the hosts in tackling complex subjects.

Top Education Podcasts

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

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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 offers insightful discussions centered around international finance, focusing on the intricacies of contract clauses and the controversies they generate. The hosts address various significant issues such as sovereign debt, GDP warrants, and the geopolitical implications of international contracts. Engaging experts and researchers, the episodes navigate through complex legal frameworks and historical contexts, providing listeners with valuable perspectives on how such issues impact global financial governance. The blend of serious analysis and approachable dialogue makes it an interesting resource for individuals keen on understanding the nuances of finance and law at an international level.

Notably, the podcast emphasizes the ... more

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Which podcasts are similar to Clauses & Controversies?

These podcasts share a similar audience with Clauses & Controversies:

1. The Foreign Affairs Interview
2. FICC Focus
3. Odd Lots
4. Macro Musings with David Beckworth
5. Macro Hive Conversations With Bilal Hafeez

How many episodes of Clauses & Controversies are there?

Clauses & Controversies launched 5 years ago and published 163 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. Nate Oman
6. Zohra Ahmed
7. Oona Hathaway
8. Randle DeFalco

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