International Debt Transactions
Section 1, Fall 22
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This course will provide an introduction to the legal, financial and political aspects of the multi-trillion dollar cross-border debt market. The lens we will use to understand this market will be the world of sovereign and quasi sovereign bonds. For the first seven or eight weeks, we will discuss foundational aspects of the market. For the remaining time, we will look at a contemporary ongoing disputes. When possible, we will bring in guests who are experts in the field from both government and private practice. Because the focus of the class is on transactions or deals, we will touch upon a wide range of legal areas including contracts, securities regulation, bankruptcy, international law and transnational litigation practice. Most likely, this upcoming term, we will spend time two topics that have been particularly important recently: (1) the Ukraine/Russia situation and its impact on the global debt markets; and (2) the dramatic rise in ESG related bond issuances. To the extent possible, we try to use ongoing real world events as a teaching/learning tool. As things stand, it seems likely that we will be looking to the debt crises in Sri Lanka, Lebanon, Zambia, Ukraine and Russia.
Final Type (if any): None
Written Work Product
Written Work Product: Students will be asked to do comments on the reading on a weekly basis (due directly to instructor, not via EXPO), as well as a short (ten page) paper on a specified topic due by noon on the last day of the exam period via EXPO. Also, active participation in the discussions will be expected.
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
*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.
Cross Listed: No
Cross-Listed Course Mnemonic:
Concentrations: Business Organization and Finance
Public Syllabus Link: None
Evaluation Portal Via LawWeb Opens: Wednesday, November 30, 12:01 AM
Evaluation Portal Via LawWeb Closes: Friday, December 09, 11:59 PM