International Debt Transactions

Section 1ZT, Spring 22

Schedule Information

Enrollment: 4/5
Credits: 2
Day Time Room Start Date End Date
  • M
  • 1540-1730
  • SL107
01/24/2022 04/25/2022

Course Description

This course will provide an introduction to the legal, financial and political aspects of the multi-trillion dollar cross-border debt market and dominates modern finance. For information about the 4-credit version of this course, see details for LAW 7199. 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 be 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. If you are interested in one of the most recent such deals, you can look up recent press accounts of the recent (2021) Belize “coral reefs protection for debt relief” deal.

Course Requirements

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

Written Work Product
Written Work Product: The requirement for a course is an end-of-term paper (that can be done collaboratively with one other student) on a topic relating to a current debt crisis that will be given to all the students around mid semester. The final paper will be due via EXPO no later than noon on the last day of the exam period.

Other Work

Other Course Details
Prerequisites: No prior background or prior courses are required. A good dose of enthusiasm for this fun topic will help though. Concurrencies: None
Mutually Exclusive With: None
Laptops Allowed: Yes
First Day Attendance Required: No
Course Resources: To be announced
Course Notes: Prof. Gulati offers this course for 2 credits or 4 credits. The 2-credit course(LAW 9155) meets once/week simultaneously with the 4-credit students and involves a theoretical component learning the basics of this multi-trillion dollar market. The 4-credit course (LAW 7199) meets twice week (once with the 2-credit students and once without) and has both the theoretical component as well as 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.

Graduation Requirements

*Satisfies Writing Requirement: No
**Credits For Prof. Skills Requirement: No
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: Thursday, April 21, 12:01 AM
Evaluation Portal Via LawWeb Closes: Sunday, May 01, 11:59 PM