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[[Private practice lawyer|Private practice lawyers]] — especially those from [[magic circle law firm]]s — don't have a scooby doo about the [[GMSLA]] (despite one such firm having written the damn thing) and as a result whenever they are called in to negotiate one — the odd European [[asset manager]] has been known to do this — things get weird, psychedelic, and heated at the same time, very quickly. | [[Private practice lawyer|Private practice lawyers]] — especially those from [[magic circle law firm]]s — don't have a scooby doo about the [[GMSLA]] (despite one such firm having written the damn thing) and as a result whenever they are called in to negotiate one — the odd European [[asset manager]] has been known to do this — things get weird, psychedelic, and heated at the same time, very quickly. | ||
These days most [[stock loan agreement]] negotiations are handled by teenagers harvested from the Bratislavan gig economy | These days most [[stock loan agreement]] negotiations are handled by teenagers harvested from the Bratislavan gig economy. They do so after a long Uber shift, hiked up on ''No-Doz'' and with an out-of-date copy of the[[FT book about stock loans]]<ref>Well: A new one costs two weeks’ wages Transylvanian turnips.</ref> on their lap, while referring to a tattered [[playbook]]s handed to them by the ''last'' school leaver who binned it after three months to work for a tech start up, so much of that subtlety is lost. | ||
Jobbing [[inhouse lawyer|inhouse lawyers]] field queries on the desk and have to make it up as they go along. This mostly works out okay, because market participants get sick of listening to their [[legal eagles]] blustering and blagging in thick slavic accents, so usually sort out their problems by themselves. | |||
{{sa}} | {{sa}} | ||
*[[ISDA ninja]] | *[[ISDA ninja]] | ||
{{ref}} | |||