12min chapter

Clauses & Controversies cover image

Ep 148 ft. Mitu & Mark

Clauses & Controversies

CHAPTER

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.

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