International Debt Transactions

Section 1ZT, Spring 22

Schedule Information

Enrollment: 20/20
Credits: 4
Day Time Room Start Date End Date
  • MW
  • 1540-1730
  • WB128
01/24/2022 04/27/2022

Course Description

This 4-credit course (LAW 7199) provides an introduction to the legal, financial and political aspects of the multi-trillion dollar cross-border debt market and dominates modern finance. Unlike LAW 9155, the 2-credit course which meets once/week with this course, this course will have a substantial experiential component, where students and the instructor, along with occasional guests from industry, work on designing a debt relief plan for some entity or country in the developing world that is in deep crisis (unfortunately, as a result of covid-19, there are many such countries). Because the focus of the class is on the transactions or deals, rather than particular legal disputes, we will hit upon a range of topics including the contract law of bonds, securities regulation, bankruptcy (and, on occasion, its absence) and international litigation. A particular focus of the class will the financing deal of countries and state enterprises; and how these entities work through financial distress. This upcoming term, we will spend some time two topics that have been particularly important in recent years: green/social financing and utilizing the enthusiasm for such financing in the debt restructuring context.

Course Requirements

Exam Info:
Final Type (if any): None
Description: None

Written Work Product
Written Work Product: This 4-credit course has two requirements: a memorandum due roughly around the half way point of the term on a historical matter with contemporary significance and a memorandum due at the end on the aforementioned proposal regarding a country in or on the brink of crisis. Depending on enrollment, students will be permitted to work on their specific plans collaboratively with one other student. At the end of the term, students will have the opportunity to present their plans to experts from the industry who will (the pandemic situation permitting) come to Charlottesville to provide feedback. The requirement for the 2-credit course (LAW 9155) is an end-of-term paper (that can be done collaboratively with one other student) on a topic given to students around mid-semester relating to a current debt crisis.

Other Work
At the end of the term, if possible, students will present their proposals to relevant experts on this particular matter.

Other Course Details
Prerequisites: No prior background or prior courses are required. A good dose of enthusiasm for this fun topic will help though. Because the credits in this course count toward the JD Program Professional Skills requirement, JD candidates will be given enrollment priority for this class. Concurrencies: None
Mutually Exclusive With: None
Laptops Allowed: Yes
First Day Attendance Required: No
Course Resources: To be announced.
Course Notes: Mr. Lee C. Buchheit, a legendary figure in the world of international debt (see here, for more detail), will be a regular guest to the course.

Graduation Requirements

*Satisfies Writing Requirement: No
**Credits For Prof. Skills Requirement: Yes
Satisfies Professional Ethics: No

*If “Yes,” then students are required to submit a substantial research paper in this course, which means students do not need to submit any form to SRO for this paper to meet their upper-level writing requirement. If “No,” then students must submit a “special request” e-form to SRO (available via LawWeb) no later than five weeks after the start of the term for a paper in this class to be counted toward the upper-level writing requirement.

**Yes indicates course credits count towards UVA Law’s Prof. Skills graduation requirement, not necessarily a skills requirements for any particular state bar.

Schedule No.
Law No.
Modified Type
Cross Listed: No
Cross-Listed Course Mnemonic:
Public Syllabus Link: None
Evaluation Portal Via LawWeb Opens: Tuesday, April 26, 12:01 AM
Evaluation Portal Via LawWeb Closes: Sunday, May 01, 11:59 PM