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...He accepted Elliott’s creative interpretation of an obscure legal clause in Argentina’s bonds called pari passu....
...Senior officials at Exim say this clause could only be changed by congressional action....
...Brussels is actively exploring how to work around an EU treaty clause prohibiting arms purchases from the union’s budget, as it steps up efforts to increase financing for defence and Ukraine....
...Nearly one in five American workers is estimated to be subject to a non-compete clause....
...In another, almost half of employers said they used the clauses....
...Today around 80 per cent of all sovereign bonds include these new clauses, and two significant 2020 debt restructurings — for Argentina and Ecuador — used the new clauses....
...Shareholders argue that this clause deters any potential bidder, which the offer of cash is designed to offset....
...Bogg said Deliveroo had inserted substitution clauses into riders contracts “very shortly” before the Central Arbitration Committee hearing in 2016....
...Approximately 30mn workers are subject to non-compete clauses, according to the regulator....
...Tesla reported a 9 per cent decline in first-quarter revenue, Spotify kicked off a more mature era for its business after years of freer spending, and the US Federal Trade Commission banned non-compete clauses...
...Laura is among the tens of millions of US workers caught by onerous non-compete clauses....
...Both bonds increased in value after the Clauses and Controversies podcast, but the price of the control bonds increased more than that of the treatment bonds....
...— Argentina recently had a big win in court thanks to a “magic bullet” in its GDP warrants, via Friends of Alphaville Mitu Gulati and Mark Weidemaier (Clauses & Controversies) — Banks seem . . . not uniformly...
...Extension of sunset clauses on energy profit levy....
...Several member states are concerned about the “mirror clause” in the EU packaging legislation and could reject it at a meeting on Friday where ambassadors are due to approve the law....
...(Construction Physics) — It’s time to give up on email (The Atlantic) — 🎙️ Something Black in the Lentils at Ukrenegro (Clauses and Controversies via Apple podcasts) — The Data is Clear: People Are Having...
...Competition law there has a public interest clause that could slow or block any deal approval....
...Such clauses were entirely new and had not been used before, two of them said....
...“Non-compete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism, including from the more than 8,500 new start-ups that would be created a year once non-competes are banned...
...Farmers, who have been protesting across the bloc against what they perceive as red tape and unfair competition from abroad, have demanded “mirror clauses” that would oblige exporters outside the EU to abide...
...This laudable move is undermined by its adoption of an extreme approach to dual-class shares, listing without any automatic time-based sunset clause for them....
...(Clauses & Controversies) — A theory of grift (The Diff) — Interactive map of all foreign entities holding English/Welsh real estate (Tax Policy Associates) — OpenAI quietly deletes ban on using ChatGPT...
...These clauses, however, are not cast-iron. Some investors have said holdout strategies are dying out for more prosaic reasons....
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