News Snapshot:
8. Amazon Best Seller Pet Food and Supplies “Such terms can amplify the lender’s influence over the debtor’s economic and foreign policies,” the report says. It goes on to list several examples. Over 90% of the reviewed Chinese contracts include a clause that allows the creditor to terminate the contract and demand repayment in the case of significant law or policy change in the borrowing country. While policy change clauses are standard in commercial contracts, the researchers argue that this takes on a different dimension when the lender is a state entity and not a private firm subject to standard...
