International Corporate Debt Solutions and Cross-Border Insolvency

International Corporate Debt Solutions and Cross-Border Insolvency

Mr. James Bromley
Spring 2016 course
T 5:00pm - 7:00pm in Hauser Hall Room 104
1 classroom credit

Prerequisites: None.

Exam type: No exam.

International Debt Solutions and Cross-Border Insolvency focuses on how legal systems deal with business failures in the age of globalization. While legal regimes often differ widely in the treatment of domestic business failures, the demands of the global economy have generated unique levels of cooperation where failures resonate beyond national boundaries. Forms of cross-border cooperation (or conflict) will be examined, including the UNCITRAL Model Law on Cross-Border Insolvency (and its U.S. form, Chapter 15 of the U.S. Bankruptcy Code), the European Union Insolvency Regulation (and proposed changes) and court to court protocols. The course will use several case studies including one focusing on a hypothetical multinational group and another requiring review of bank and bond documentation. The case studies will also highlight the sometimes (or often) conflicting duties faced by officers and directors of financially distressed businesses, and the choices faced by their legal and financial advisors, in several key jurisdictions around the globe.

Note: This course will meet for seven two-hour sessions. Dates TBD.

Drop Deadline: February 3, 2016 by 11:59pm EST

Subject Areas: International, Comparative & Foreign Law