AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Navigating the 'Funny Clause' in Bond Agreements
This chapter explores the complexities of a unique provision known as the 'funny clause' in New York law, particularly its implications for bondholders when shifting governing laws. The discussion highlights the intricacies of legal clauses, consent solicitation processes, and the challenges of interpreting convoluted contractual language. Through a blend of serious analysis and humor, the chapter examines the balance between legal systems and the potential confusion arising from jurisdictional changes.