International & comparative corporate insolvency law
spring 2014
Tuesdays 6:30pm—8:15pm (class)
8:15pm—9:00 pm (office hours)


This seminar studies and compares the corporate insolvency laws and culture from a variety of countries and from the perspective of experienced guest lecturers, with a number of “war stories” mixed to illustrate “how things really work” when dealing with foreign laws and cultures.

The seminar begins with a brief history of insolvency law and culture, focusing on the social, cultural and political reasons as to why different countries follow such varied approaches in addressing insolvency issues. Next, the course reviews corporate finance principles that will be useful for the rest of the semester, which will be followed by a class on Chapter 11 of the United States Bankruptcy Code as a basis for comparison with other insolvency laws. The seminar then studies the insolvency laws of various other countries, followed by sessions on maritime shipping insolvencies and coordinating cross-border insolvencies. The seminar then concludes with a class on practical lawyering issues and an interactive workshop on the legal and practical problems involved in a cross-border restructuring.

Active classroom participation and a research paper are required. No written exam. Contact the professors if you would like your course paper to satisfy your upperclass writing requirement.

Required texts: United States Bankruptcy Code and Bankruptcy Rules. Online versions of the Bankruptcy Code and Bankruptcy Rules, as well as related statutes, can be found by clicking
here. Prior bankruptcy course not required. All materials in the syllabus are subject to the copyrights of their respective authors and/or publications and are linked here for non-commercial purposes only.

Evan D. Flaschen


Renée M. Dailey