Anna Gelpern

Anna Gelpern and Christoph Trebesch discuss their unprecedented study on the legal terms of loans by Chinese state-owned entities to borrower governments around the world. They shed light on innovative and unexpected contracting practices, explore non-comparable treatment clauses in debt restructuring, examine leverage and pricing in Chinese lending, and emphasize the importance of carefully drafting provisions in contracts.

Anna Gelpern, Professor of Law, discusses her work on China's lending practices to developing countries, highlighting unique contract terms like the Don Periscope clause. They also explore challenges in promoting transparency, collateral arrangements, and the future of sovereign debt distress framework.

In this episode, Anna Gelpern, a financial expert in sovereign debt and collective action clauses, discusses Argentina's debt restructuring and the controversial use of collective action clauses. They explore the role of emotions and personal relationships in high finance, the development of CACs, and the limitations of public CACs as a regulatory intervention. They also touch on the impact of specific contract wording, interpretation in legal contracts, and the complexities of debt restructuring and countering holdouts.