International Debt Transactions: Sovereign Debt Crises

Section 1, Spring 22

Schedule Information

Enrollment: 0/0
Credits: 4
Day Time Room Start Date End Date
  • TBA
  • -
01/24/2022 04/29/2022

Course Description

This course uses the lens of international debt finance to provide students with an advanced course in securities law, corporate law, and contract law. In the area of international debt finance, particular attention will be paid to debt issuances by sovereign nations and other state-controlled entities. Given that much of this market is centered in New York and London, the focus of the course will be on U.S. and English law contracts and securities regulatory systems. Particular attention will be paid to how lawyers and their clients (both the sovereigns and the investment bankers) think about how to structure their contracts and what disclosures to make to the public regarding these contracts. Attention will also be paid to the question of how domestic law private law principles can be utilized to solve or at least ameliorate the problem of third world debt (with particular reference to Sub Saharan debt). The course has both a theoretical component that involves learning the basics of this multi-trillion dollar market and an experiential one that involves trying to design a debt restructuring plan for the private debt of a country currently in or on the brink of crisis.

Course Requirements

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

Final Type (if any): None
Description: None

Written Work Product
Written Work Product: The 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.

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: 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:

Graduation Requirements

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

*Yes means professor requires everyone in the course to submit a substantial research paper (which is the requirement standard in Academic Policies), so no paperwork required to be submitted to SRO. No means student must timely submit paperwork to SRO if intending to use a paper in this course to satisfy the 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: Friday, April 22, 12:01 AM
Evaluation Portal Via LawWeb Closes: Sunday, May 01, 11:59 PM