International Insolvency Law

Considers issues that arise in cross-border and transnational insolvency cases, including plenary proceedings brought in more than one jurisdiction and proceedings in American courts ancillary to foreign cases; reviews UNCITRAL, World Bank and other proposals to codify and standardize insolvency principles applicable in business bankruptcies and to create workable insolvency regimes in developing countries; considers issues raised by defaults in sovereign debt and proposals to create a Sovereign Debt Restructuring Mechanism; compares American, European and selected other bankruptcy laws with respect to issues that frequently arise in cross-border cases.
Credits: 2

Type: SEM

Enrollment Cap: 20

Is this course open to LL.M. students? Yes

Do the credits of this course count toward the specialized program credits that students need for the International Business & Trade Law LL.M. Program? Yes

Additional information: A basic bankruptcy course is useful but not a prerequisite.