Swiss Cheese Contracts – Mitu Gulati (University of Virginia)

In this episode of the CLE Vlog & Podcast Series, Mitu Gulati (University of Virginia) and Karol Rutkowski (ETH Zurich) discuss "Swiss Cheese Contracts", a topic drawn from Gulati's new book "Contract Hazards: Lawyers and Their Landmines", co-authored with Stephen J. Choi (NYU) and Robert E. Scott (Columbia University). In the study "Swiss Cheese Contracts: The Costs of Creative Lawyering", Prof. Gulati and his co-authors examine contracting practices in high-yield secured syndicated loans and Liability Management Transactions. They describe how new loopholes are continually discovered and exploited, creating a landscape that increasingly resembles a block of Swiss cheese. References: Stephen J. Choi – New York University Mitu Gulati – University of Virginia Robert E. Scott – Columbia University Swiss Cheese Contracts: The Costs of Creative Lawyering https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5391281 Contract Hazards: Lawyers and Their Landmines https://academic.oup.com/book/61634 Audio Credits for Trailer: AllttA by AllttA https://youtu.be/ZawLOcbQZ2w