10 books match the query 'Foreign trade regulation'
Jagdish Bhagwati and Hugh T. Patrick, Editors
University of Michigan Press, 1990
Alan Deardorff and Robert M. Stern, Editors
University of Michigan Press, 1994
Thomas Cottier and Petros C. Mavroidis, Editors
University of Michigan Press, 2000
Thomas Cottier and Petros C. Mavroidis, Editors
University of Michigan Press, 1998
Susan Ariel Aaronson
University of Michigan Press, 2002

Isaac Unah
University of Michigan Press, 1998
Robert M. Stern, Editor
University of Michigan Press, 1993
Edited by Anne O. Krueger
University of Chicago Press, 1995
Thomas Cottier and Petros C. Mavroidis, Editors
University of Michigan Press, 2003
Mitu Gulati and Robert E. Scott
University of Chicago Press, 2012
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, until a novel judicial interpretation 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. 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.