King’s Counsel: Difference between revisions

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Now, readers, exactly the same thing is true of litigators. They ''hate'' financial markets transactions. They’re so hard, they give you a tension headache, they are beset with fiddly, procedural bear traps, and because the road is strewn with absurd conventions, unarticulated rules of etiquette, and unspoken ways of behaving that you have to get ''[[Substance and form|formally]]''; right, hang whether you were right [[Substance and form|in ''substance'']]. It is much more fun cross-examining [[Mrs. Pinterman]] about her alibi, establishing the [[mens rea]] and objecting to things. I mean security waterfalls? COME ON.
Now, readers, exactly the same thing is true of litigators. They ''hate'' financial markets transactions. They’re so hard, they give you a tension headache, they are beset with fiddly, procedural bear traps, and because the road is strewn with absurd conventions, unarticulated rules of etiquette, and unspoken ways of behaving that you have to get ''[[Substance and form|formally]]''; right, hang whether you were right [[Substance and form|in ''substance'']]. It is much more fun cross-examining [[Mrs. Pinterman]] about her alibi, establishing the [[mens rea]] and objecting to things. I mean security waterfalls? COME ON.


Queen’s Counsel might see {{isdama}}s — quite a few of them at once — every decade or so, whenever a systemically important financial institution hits the wall. In-house legal eagles — people like you and me, my brothers and sisters — we live with them, animate them, ''give them life'', every day of our working careers. So if you wanted to ask a down home expert how the mechanics in an {{isdama}} work, ''you would go find someone in the ''[[doc unit]]''. Do you see where I am going with this?
Queen’s Counsel might see {{isdama}}s — quite a few of them at once — every decade or so, whenever a systemically important financial institution hits the wall. In-house legal eagles — people like you and me, my brothers and sisters — we live with them, animate them, ''give them life'', every day of our working careers. So if you wanted to ask a down-home expert how the mechanics in an {{isdama}} work, ''you would go find someone in the [[doc unit]]''. Do you see where I am going with this?


Now every now and then, the partnership of Allen & Overy, of Linklaters, or Clifford Chance (who between them ''wrote'' the damn things, back in the day, by the way) are presented with a question of profound importance on the construal of an {{isdama}} or a similar contract form. Is a derivative really insurance?  
Now every now and then, the partnership of Allen & Overy, of Linklaters, or Clifford Chance (who between them ''wrote'' the damn things, back in the day, by the way) are presented with a question of profound importance on the construal of an {{isdama}} or a similar contract form. Is a derivative really insurance?