G. Mitu Gulati

  • John V. Ray Research Professor of Law

Mitu Gulati’s work focuses on sovereign debt restructuring and contracts, and explores how to help countries in financial distress.

Gulati joined the UVA Law faculty in 2021. He was previously on the faculty of Duke Law School since 2004, and has also served on the faculties of UCLA Law School and the Georgetown University Law Center. Gulati co-hosts the podcast “Clauses and Controversies,” is a contributor to the blog Creditslips.org and serves as regional editor for the journal Capital Markets Law Journal.

Gulati has won no awards, prizes or other distinctions. That is, with the exception of a second place finish in the fancy dress competition in third grade in India.


  • J.D.
    Harvard Law School
  • M.A.
    Yale University
  • A.B.
    University of Chicago


“Navassa: Property, Sovereignty, and the Law of the Territories,” Yale L.J. (forthcoming).

“The Price of Cheeky Contracting” (with Paolo Colla), L & Contemp. Probs. (forthcoming).

“Investigating the Contract Production Process” (with Stephen J. Choi and Robert E. Scott), Cap. Markets L.J. (forthcoming).

Are M&A Lawyers Better at Contract Drafting?” (with Stephen Choi and Robert Scott), U. Toronto L.J. (forthcoming 2022).

Contracts of Inattention” (with Marcel Kahan), Law & Soc. Inquiry (forthcoming 2022).

Nailing the Flag to the Mast - Promises of Super-Priority in Public Debt” (with Lee Buchheit and Mihalis Gousgounis), Cap. Markets L.J. (forthcoming 2022).

Unlawfully-Issued Sovereign Debt” (with Mark Weidemaier), Va. J. Int’l L. (forthcoming 2021).

“Legal Air Cover” (with Patrick Bolton and Ugo Panizza), J. Fin. Reg. (forthcoming 2021).

‘Lipstick on a Pig’: Specific Performance Clauses in Action” (with Theresa Arnold, Amanda Dixon, Hadar Tanne and Madison Sherrill), Wis. L. Rev. (forthcoming 2021).

The Make-Whole Provision in Sovereign Bonds” (with Ugo Panizza), Cap. Markets L.J. (forthcoming 2021).

The Price of Law: The Case of the Eurozone's Collective Action Clauses” (with Elena Carletti, Paolo Colla and Steven Ongena), Rev. Fin. Stud. (forthcoming 2021).

The Cost of Guilty Breach” (with Theresa Arnold, Amanda Dixon, Hadar Tanne and Madison Sherrill), B.C. L. Rev. (E. Supp. forthcoming 2021).

Works in Progress:

“Contractual Time Bombs” (with Robert E. Scott and Stephen Choi)

“The Gap at the Top: Gender Disparities in Elite M&A Practice” (with Tracey George and Albert Yoon) (in draft stage)

“Haitian Independence Debt of 1825: A Missing Piece of Sovereign Debt History” (with Joseph Blocher, Kim Oosterlinck, and Mark Weidemaier) (in research stage)

“La Navasse: Does the US Owe Haiti?” (with Guy-Uriel Charles and Joseph Blocher) (in research stage) 

“Sovereign Buybacks” (with Ugo Panizza and Patrick Bolton) (in data collection stage)

“The Finance and Law of Sovereign Restructuring” (with Ugo Panizza and Patrick Bolton) (in draft stage)

“‘Violates the Sanctity of Contract’: The Greek Retrofit of 2012” (with Patrick Bolton, Xueven Fu, and Ugo Panizza) (in draft stage)

“The Impact of Bad Intentions on Contract Pricing” (with Paolo Colla) (in draft stage)


European Financial Infrastructure in the Face of New Challenges (European University Institute, 2019) (editor with others)

Institutions and the Crisis (European University Institute, 2018) (editor with others)

Institutions and the crisis (European University Institute, 2018) (editor with others)

The Changing Geography of Finance and Regulation in Europe (European University Institute, 2017) (editor with others)

Filling the Gaps in Governance: The Case of Europe (European University Institute, 2016) (editor with others)

Acting White?: Rethinking Race in Post-Racial America (Oxford University Press, 1st ed. 2013, 2nd ed. 2015) (with Devon W. Carbado)

The 3 1/2 Minute Transaction: Boilerplate and the Limits of Contract Design (University of Chicago Press, 2013) (with Robert E. Scott)

Articles & Essays:

“The Odious Haitian Independence Debt” (with Kim Oosterlinck, Ugo Panizza and Mark C. Weidemaier) (2021).

Avoiding a Lost Decade -- Sovereign Debt Workouts in the Post-COVID Era, 16 Cap. Markets L.J. 45 (2021) (with Lee C. Buchheit)

The Cost of Guilty Breach, 62 Boston College Law Review E. Supp. I. 32-48 (2021) (with others)

Maduro Bonds, in Sovereign Debt Diplomacies: Rethinking Sovereign Debt from Colonial Empires to Hegemony 282-303 (Pierre Penet & Juan Flores Zendejas, eds., 2021) (with Ugo Panizza)

The Argentine Collective Action Clause Controversy (with Lee C Buchheit), 15 Cap. Markets L.J.  464 (2020). 

Anticipating Venezuela’s Debt Crisis: Hidden Holdouts and the Problem of Pricing Collective Action Clauses (with Stephen Choi and Robert Scott), 100 B.U. L. Rev. 253 (2020).

Born Out of Necessity: A Debt Standstill for COVID-19, Center for Economic Policy Research; Policy Insight No. 103 (2020) (with others)

Contractual Arbitrage, in Oxford Handbook of Institutions of International Economic Governance and Market Regulation (Eric Brousseau, Jean-Michel Glachant, and Jérôme Sgard eds., 2020) (with others)

How to Restructure Euro Area Sovereign Debt in the Era of COVID-19 (with Theresa Arnold and Ugo Panizza), 15 Cap. Markets L.J. 322-346 (2020).

King Leopold's Bonds and the Odious Debts Mystery (with Joseph Blocher and Kim Oosterlinck), 60 Va. J. Int’l L. 487-530 (2020).

Necessity and the Covid-19 Pandemic (with W. Mark C. Weidemaier), 15 Cap. Markets L.J.  277-283 (2020).

Revising Boilerplate: A Comparison of Private and Public Company Transactions (with Stephen Choi and Robert Scott), 2020 Wis. L. Rev. 62 (2020).

The Myth of Optimal Expectation Damages (with Theresa Arnold, Amanda Dixon, and Madison Whalen), 104 Marquette L. Rev. 104-181 (2020).

Transferable Sovereignty: Lessons from the History of the Congo Free State (with Joseph Blocher), 69 Duke L.J. 1219 (2020). 

When Governments Promise to Prioritize Public Debt: Do Markets Care? (with Ugo Panizza, Mark Weidemaier, and Gracie Willingham) 6 J. Fin. Reg. 41-74 (2020).

Why Did Belgium Pay Leopold’s Bonds? (with Joseph Blocher and Kim Oosterlinck), 83 L& Contemp. Probs. 49-70 (2020).

Financial Crises and Constitutional Compromise, in Constitutions in Times of Financial Crisis 117-145 (Tom Ginsburg, Mark D. Rosen & Georg Vanberg, eds., 2019) (with Georg Vanberg)

If Boilerplate Could Talk: The Work of Standard Terms in Sovereign Bond Contracts, 44 Law & Social Inquiry 617-646 (2019) (with others)

Should I Stay or Should I Go? The Gender Gap for Securities and Exchange Commission Attorneys, 62 Journal of Law and Economics 427-456 (2019) (with others)

Sovereign Debt Restructuring and U.S. Executive Power, 14 Capital Markets Law Journal 114-130 (2019) (with Lee C. Buchheit)

The Hausmann-Gorky Effect , Journal of Business Ethics (2019)  (with Ugo Panizza)

The Sovereign-Debt Listing Puzzle,  71 Oxford Economic Papers 472-495 (2019) (with others)

Cash America and the Structure of Bondholder Remedies, 13 Capital Markets Law Journal 570-586 (2018) (with Marcel Kahan)

Deterring Holdout Creditors in a Restructuring of PDVSA Bonds and Promissory Notes, 13 Capital Markets Law Journal 148-151 (2018) (with Lee C. Buchheit)

Evaluating Judges and Judicial Institutions: Reorienting the Perspective, 67 Duke Law Journal Online (2018) (with others)

How to Restructure Venezuelan Debt, 25 Economic & Financial Review 63-85 (2018) (with Lee C. Buchheit)

Paper Tigers (or How Much Will Courts Protect Rights in a Financial Crisis?) (2018) (with Georg Vanberg)

Pricing Sovereign Debt: Foreign Versus Local Parameters, 24 European Financial Management  261-297 (2018) (with others)

Puerto Rico and the Right of Accession, 43 Yale Journal of International Law 229-271 (2018) (with Joseph Blocher)

Sovereign Bond Contracts: Flaws in the Public Data?, 4 Journal of Financial Regulation 190-208 (2018) (with others)

Sovereign Debt Restructuring in Europe , 9 Global Policy (Special Issue) S1, 65-69 (2018) (with Lee C. Buchheit)

Talking Judges, 67 Duke Law Journal Online (2018) (with Jack Knight)

Use of the Local Law Advantage in the Restructuring of European Sovereign Bonds, 3 University of Bologna Law Review 172-179 (2018) (with Lee C. Buchheit)

Variation in Boilerplate: Rational Design or Random Mutation?, 20 American Law and Economics Review 1-45 (2018) (with others)

What Does Puerto Rican Citizenship Mean for Puerto Rico's Legal Status?, 67 Duke Law Journal Online 122-132 (2018) (with Joseph Blocher)

A Market for Sovereign Control, 66 Duke Law Journal 797-843 (2017) (with Joseph Blocher)

Adjudicating Death: Professionals or Politicians?, 70 Vanderbilt Law Review 1709-1727 (2017) (with Stephen J. Choi)

Custom in Our Courts: Reconciling Theory with Reality in the Debate About Erie Railroad and Customary International Law, 27 Duke Journal of Comparative & International Law 243-290 (2017) (with Nikki C. Gutierrez)

Forced Secessions, 80 Law & Contemporary Problems 215-247 (No. 1 2017) (with Joseph Blocher)

International Finance and Sovereign Debt, in Oxford Handbook of Law and Economics 482-500 (Francesco Parisi ed., 2017) (with W. Mark C. Weidemaier)

Introduction to the Law and Markets: Regulating Controversial Exchange, 54 Osgoode Hall Law Journal 333-338 (2017) (with others)

Market Practice and the Evolution of Foreign Sovereign ImmunityJournal of Law & Social Inquiry (2017) (with Mark C. Weidmaier)

Markets and Sovereignty, 54 Osgoode Hall Law Journal 465-490 (2017) (with Joseph Blocher)

Puerto Rico and the Netherworld of Sovereign Debt Restructuring, 91 Southern California Law Review 133-162 (2017) (with Robert K. Rasmussen)

Restructuring Sovereign Debt After NML v. Argentina, 12 Capital Markets Law Journal 224-238 (2017) (with Lee C. Buchheit)

The Black Hole Problem in Commercial Boilerplate, 67 Duke Law Journal 1-77 (2017) (with others)

The Puzzle of PDVSA Bond Pricing, 12 Capital Markets Law Journal 66-77 (2017) (with others)

Courts of Good and Ill Repute: Garoupa & Ginsburg's Judicial Reputation: A Comparative Theory, 83 University of Chicago Law Review 1683-1715 (2016) (reviewing Nuno Garoupa & Tom Ginsburg, Judicial Reputation: A Comparative Theory (2015)) (with Tracy E. George)

Can Greece be Expelled from the Eurozone? Toward a Default Rule of Expulsion from International Organizations, in Filling the Gaps in Governance: The Case of Europe 127-150 (Franklin Allen et al eds., 2016) (with others)

Competing for Refugees: A Market-Based Solution to a Humanitarian Crisis, 48 Columbia Human Rights Law Review 53-111 (2016) (with Joseph Blocher)

Customary International Law: How Do Courts Do It?, in Custom's Future: International Law in a Changing World (Curtis A. Bradley, ed., 2016) (with Stephen J. Choi)

Discrimination by Customers, 102 Iowa Law Review 223-257 (2016) (with Katharine T. Bartlett)

How Bayesian are Judges?, 16 Nevada Law Journal 1061-1084 (2016) (with others)

Pricing Contract Terms in a Crisis: Venezuelan Bonds in 2016, 11 Capital Markets Law Journal 540-555 (2016) (with others)

Talking One's Way Out of a Debt Crisis, in Filling the Gaps in Governance: The Case of Europe 37-44 (Franklin Allen et al. eds., 2016) (with Lee C. Buchheit)

Targeted Subordination of Official Sector Debt, 31 Banking & Finance Law Review 371-376 (2016) (with Lee C. Buchheit)

The Management of Staff by Federal Court of Appeals JudgesVanderbilt Law Review 479-497 (2016) (with Richard A. Posner)

The Pricing of Non-Price Terms in Sovereign Bonds: The Case of the Greek Guarantees, 1 Journal of Law, Finance, and Accounting 1-40 (2016) (with Stephen J. Choi)

When Governments Write Contracts: Policy and Expertise in Sovereign Debt Markets, in Contractual Knowledge: One Hundred Years of Experimentation in Global Markets 92-117 (Grégoire Mallard & Jérôme Sgard eds., 2016) (with others)

Evaluating the 2013 Euro CAC Experiment, in The New Financial Architecture of the Eurozone 123-136 (Franklin Allen et al eds., 2015) (with others)

The Diversity Feedback Loop, in A Nation of Widening Opportunities: The Civil Rights Act at 50 119-143 (Ellen D. Katz & Samuel R. Bagenstos eds., 2015)  (and in Chicago Legal Forum (2014)) (with others)

The Relevance of Law to Sovereign Debt, 11 Annual Review of Law & Social Science 395-408 (2015) (with W. Mark Weiddemaier)

The Role of Competence in Promotions from the Lower Federal Courts, 44 Journal of Legal Studies s107-s131 (January 2015) (with others)

From Pigs to Hogs (2014) (with Stephen J. Choi)

The International Monetary Fund's Imperiled Priority, 10 Duke Journal of Constitutional Law & Public Policy 119-148 (2014) (with Melissa Boudreau)

Santa Anna and His Black Eagle: The Origins of Pari Passu?, 9 Capital Markets Law Journal 216-241 (2014) (with Benjamin Remy Chabot)

A Winner's Curse?: Promotions from the Lower Federal Courts (2014) (with others)

Altruism Exchanges and the Kidney Shortage, 77 Law & Contemporary Problems 289-322 (2014) (with others)

Cultivating Inclusion, 112 Michigan Law Review First Impressions 117-123 (2014) (with Patrick S. Shin)

Lawyers: Gatekeepers of the Sovereign Debt Market?, 38 International Review of Law & Economics 150-168 (2014) (with others)

Managing Holdouts: The Case of the 2012 Greek Exchange, in Sovereign Debt Management 25-38 (Rosa Lastra & Lee Bucheit eds., 2014) (with others)

Reprofiling Sovereign DebtJournal of International Banking Law (2014) (with others)

Restructuring a Euro Area Sovereign Guarantee, in Bearing the Losses from Bank and Sovereign Default in the Eurozone 143-164 (Franklin Allen et al eds., 2014) (with Lee C. Buchheit)

Sovereign Contingent Liabilities, in Sovereign Debt Management 241-254 (Rosa Lastra & Lee Bucheit eds., 2014) (with Lee C. Buchheit)

Ukraine and Russia: "You Break It, You Bought It", Financial History 28-32 (Fall 2014) (with Joseph Blocher)

Collective Action Clauses for the EurozoneReview of Finance 1-58 (2013) (with Michael Bradley)

How Markets Work: The Lawyer's Version (Studies in Law, Politics, and Society, v. 62), in From Economy to Society? Perspectives on Transnational Risk Regulation 107-134 (Bettina Lange et al. eds, 2013) (with W. Mark C. Weidemaier)

A Eurozone Debt Crisis: The Options Now, 8 Capital Markets Law Journal 54-61 (2013) (with Lee C. Buchheit)

A People's History of Collective Action Clauses, 54 Virginia Journal of International Law 1 (2013) (with Mark C. Weidemaier)

Book Review, 36 PoLAR: Political and Legal Anthropology Review 190-192 (2013) (reviewing Annelise Riles, Collateral Knowledge: Legal Reasoning in the Global Financial Markets (2011)) (with W. Mark C. Weidemaier)

Origin Myths, Contracts, and the Hunt for Pari Passu, 38 Law & Social Inquiry 72-105 (2013) (with others)

Restructuring a Sovereign Debtor's Contingent Liabilities, in Sovereign Financing and International Law: The UNCTAD Principles on Responsible Lending and Borrowing 287-294 (Carlos Esposito et al. eds., 2013) (with Lee C. Buchheit)

Revisiting Sovereign Bankruptcy (Brookings Institute 2013) (with others)

The Evolution of Contractual Terms in Sovereign Bonds, 4 Journal of Legal Analysis 131-179 (2013) (with others)

The Greek Debt Restructuring: An Autopsy, 28 Economic Policy  513-563 (2013) (with others)

The Intersectional Fifth Black Woman, 10 Du Bois Review: Social Science Research on Race 527-540 (2013) (with Devon W. Carbado)

The Law and Policy of Judicial Retirement, 42 Journal of Legal Studies 111-150 (2013) (with others)

The Problem of Holdout Creditors in Eurozone Sovereign Debt RestructuringsButterworths Journal of International Banking and Financial Law 191-194 (April 2013) (with others)

The Role of the IMF in Future Sovereign Debt Restructurings: Report of the Annenberg House Expert Group (November 25, 2013) (with others)

The Wonder-Clause, 41 Journal of Comparative Economics 367-385 (2013) (with Anna Gelpern)

Engineering an Orderly Greek Debt Restructuring, 2012 (2012) (with Jeromin Zettelmeyer)

CDS Zombies, 13 European Business Organization Law Review 347-390 (2012) (with Anna Gelpern)

Foreword: The Duke Project on Custom and Law, 62 Duke Law Journal 529-533 (2012) (with Curtis A. Bradley)

Making a Voluntary Greek Debt Exchange Work, 7 Capital Markets Law Journal 169-183 (2012) (reprinted in Sovereign Insolvency (Christoph Paulus ed., 2014) (with Jeromin Zettelmeyer)

Sonia Sotomayor and the Construction of Merit, 61 Emory Law Journal 801-861 (2012) (with others)

The Dynamics of Contract Evolution, 2012 (2012) (John M. Olin Law & Economics (2d Series) Working Paper No. 605, 2012) (with others)

Greek Debt: The Endgame Scenarios (2011) (with Lee C. Buchheit)

Mandatory Versus Default Rules: How Can Customary International Law Be Improved?, 120 Yale Law Journal Online 421-454 (2011) (with Curtis A. Bradley)

Drafting A Model Collective Action Clause For Eurozone Sovereign Bonds, 6 Capital Markets Law Journal 317-325 (2011) (with Lee C. Buchheit)

Foreword: The Three and a Half Minute Transaction: Boilerplate and the Limits of Contract Design, 40 Hofstra Law Review 1-9 (2011) (with Robert E. Scott)

How Well Do Measures of Judicial Ability Translate into Performance?, 33 International Review of Law & Economics 37-53 (2011) (with others)

Judging Women, 8 Journal of Empirical Legal Studies 504-532 (2011) (with others)

Political Risk and Sovereign Debt Contracts, 2011 (2011) (John M. Olin Law & Economics (2d Series), Working Paper No. 583, 2011) (with others)

Showcasing Diversity, 89 North Carolina Law Review 1017-1053 (2011) (with Patrick S. Shin)

The New Old Legal Realism, 105 Northwestern University Law Review 689-735 (2011) (with others)

Professionals or Politicians: The Uncertain Empirical Case for an Elected Rather Than Appointed Judiciary, 26 Journal of Law, Economics, & Organization 290-336 (2010) (with others)

Restructuring a Nation's Debt, 29 International Financial Law Review 46-49 (2010) reprinted in, Managing Risk in the Financial System 168-178 (John Raymond LaBrosseet al. eds., 2010) (with Lee C. Buchheit)

Responsible Sovereign Lending and Borrowing, 2010  63-92 (2010) (UNCTAD, Discussion Paper No.198 April, 2010) (with Lee C. Buchheit) also published in, 73 Law & Contemporary Problems 63-92 (Fall 2010) (with Lee C. Buchheit)

Talking Judges, 2010 The Legal Workshop - Duke Law Journal (2010) (with Jack Knight)

Evaluating Judges and Judicial Institutions: Reorienting the Perspective, 2010 The Legal Workshop - Duke Law Journal (2010) (with others)

Applied Legal History: Demystifying The Doctrine Of Odious Debts, 11 Theoretical Inquiries in Law 247-281 (2010) (with others)

Customary International Law and Withdrawal Rights in an Age of Treaties, 21 Duke Journal of Comparative & International Law 1-30 (2010) (with Curtis A. Bradley)

Foreword: Of Lawyers, Leaders, and Returning Riddles in Sovereign Debt, 73 Law & Contemporary Problems i-xii (2010) (with Anna Gelpern)

Judicial Ability and Securities Class Actions, 2010 (2010) (John M. Olin Law & Economics (2d Series), Working Paper No. 519, 2010) (with others)

Pricing Terms in Sovereign Debt Contracts: A Greek Case Study with Implications for the European Crisis Resolution Mechanism, 6 Capital Markets Law Journal 163-187 (2010) (with others)

The Market Reaction to Legal Shocks and Their Antidotes: Lessons From The Sovereign Debt Market, 39 Journal of Legal Studies 289-324 (2010) (with others)

Withdrawing from International Custom, 120 Yale Law Journal 202-275 (2010) (with Curtis A. Bradley)

The Coroner's Inquest: Ecuador's Default and Sovereign Bond Documentation, 28 International Financial Law Review 22-25 (2009) (authors' manuscript) (with Lee C. Buchheit)

"Make or Buy" and International Law, 165 Journal of institutional and Theoretical Economics JITE 134-141 (2009) (with Scott Baker)

"Only Connect": Toward a Unified Measurement Project, 58 Duke Law Journal 1181-1190 (2009) (with David F. Levi)

Are Judges Overpaid?: A Skeptical Response to the Judicial Salary Debate, 1 Journal of Legal Analysis 47-117 (Winter 2009) (with others)

Feel-good Formalism, 35 Queen's Law Journal 97-116 (2009) (with Anna Gelpern)

Innovation after the Revolution: Foreign Sovereign Bond Contracts Since 2003, 4 Capital Markets Law Journal 85-103 (2009) (with Anna Gelpern)

Judicial Evaluations and Information Forcing: Ranking State High Courts and Their Judges, 58 Duke Law Journal 1313-1382 (2009) (with others)

Mr. Presidential Candidate: Whom Would You Nominate?, 42 Loyola of Los Angeles Law Review 293-334 (2009) (with Stuart M. Benjamin)

What do Federal District Judges Want?: An Analysis of Publications, Citations, and Reversals (2009) (John M. Olin Law & Economics (2d Series), Working Paper No. 508, 2009), republished in, 27 Journal of Law Economics & Organization (2011) (with others)

A Convenient Untruth: Fact and Fantasy in the Doctrine of Odious Debts, 48 Virginia Journal of International Law 595-639 (2008) (with Sarah Ludington)

After Inclusion, 4 Annual Review of Law & Social Science 83-102 (2008)

Bias in Judicial Citations: A Window into the Behavior of Judges?, 37 Journal of Legal Studies 87-129 (2008) (with Stephen J. Choi)

Judging Measures, 77 UMKC Law Review 381-413 (2008) (with David F. Levi)

Odious Debts and Nation-Building: When the Incubus Departs, 60 Maine Law Review 477-485 (2008) (with Lee C. Buchheit)

Trading Votes For Reasoning: Covering In Judicial Opinions, 81 Southern California Law Review 735-779 (2008) (with Stephen J. Choi)

Which States Have the Best (and Worst) High Courts?, 2008 (2008) (2d Series), Working Paper No. 405, 2008 (with others)

Contracts Without Law: Sovereign Versus Corporate Debt, 75 University of Cincinnati Law Review 977-1004 (2007) (with George G. Triantis)

Foreword: Making Makeup Matter, 14 Duke Journal of Gender Law & Policy 1-11 (2007) (with others)

Partially Odious Debts?, 70 Law & Contemporary Problems 47-81 (Autumn 2007) (with Omri Ben-Shahar)

Public Symbol in Private Contract: A Case Study, 84 Washington University Law Review 1627-1715 (2007) (with Anna Gelpern)

Ranking Judges According to Citation Bias, 82 Notre Dame Law Review 1279-1309 (2007) (with Stephen J. Choi)

The Dilemma of Odious Debts, 56 Duke Law Journal 1201-1262 (2007) (with others)

A Response to Professor Sander: Is It Really All About the Grades?, 84 North Carolina Law Review 1823-1839 (2006) (with James E. Coleman Jr.)

An Empirical Study of Securities Disclosure Practice, 80 Tulane Law Review 1023-1108 (2006) (with Stephen J. Choi)

Contract as Statute, 104 Michigan Law Review 1129-1173 (2006) (with Stephen J. Choi)

Introduction: A New Legal Realist Perspective On Employment Discrimination, 31 Law & Social Inquiry 797-799 (2006) (with Laura Beth Nielsen)

The Rat Race as an Information Forcing Device, 81 Indiana Law Journal 53-82 (2006) (with others)

The Story of Jesperson v. Harrah's: Makeup and Women at Work, in Employment Discrimination Stories 105-152 (Joel Wm. Friedman ed., 2006) (with others)

Foreword: The Klein Criteria Project, 2 Berkeley Business Law Journal 1-11 (2005) (with Paul S. Edwards)

Judicial Triage: Reflections on the Debate over Unpublished Opinions, 62 Washington and Lee Law Review 1667-1708 (2005) (with David C. Vladeck)

Mr. Justice Posner?: Unpacking the Statistics, 61 NYU Annual Survey of American Law 19-43 (2005) (with Stephen Choi)

Race to the Top of the Corporate Ladder: What Minorities Do When They Get There, 61 Washington and Lee Law Review 1645-1693 (2005) (with Devon W. Carbado)

Which Judges Write Their Opinions (And Should We Care?), 32 Florida State University Law Review 1077-1122 (2005) (with Stephen Choi)

A Tournament of Judges?, 92 California Law Review 299-322 (2004) (with Stephen Choi)

Choosing the Next Supreme Court Justice, 78 USC Law Review 23 (2004) (with Stephen Choi)

Economic Organization in the Construction Industy: A Case Study of Collaborative Production Under High Uncertainty, 1 Berkeley Business Law Journal 137-174 (2004) (with William Klein)

Fraud by Hindsight, 98 Northwestern Law Review 773 (2004) (with others)

Innovation in Boilerplate Contracts: The Case of Sovereign Bonds, 53 Emory Law Journal 929 (2004) (revised version, with separate responses by Lee Buchheit and Sergio Galvis, in Essays on Sovereign Debt (Joseph Stiglitz & Jose Ocampo eds., forthcoming)

Sovereign Bonds and the Collective Will, 51 Emory Law Journal 1317 (2004) (reprinted in Bank of England Proceedings of Conference on Sovereign Debt (2004)) (with Lee Buchheit)

Sovereign Debt Reform and the Best Interest of Creditors, 57 Vanderbilt Law Review 1-79 (2004) (with William Bratton)

The Muddled Duty to Disclose Under Rule 10b-5, 57 Vanderbilt Law Review 1639 (2004) (with Donald Langevoort)

Why Lawyers Need to Take a Closer Look at Exit Consents, 15 International Financial Law Review 15-18 (2003) (with Stephen Choi)

How Do Judges Maximize? (The Same Way Everybody Else Does - Boundedly): Rules of Thumb in Securities Fraud Opinions, 51 Emory Law Journal 83-152 (2003) , reprinted in Securities Law Handbook (2003) (with Stephen Bainbridge)

Tenure, 53 Journal of Legal Education 157 (2003) (with Devon Carbado)

The Fifth Black Woman, 11 Journal of Contemporary Legal Issues 701 (2003) (reprinted in Critical Feminist Theory Reader (Adrienne Wing, ed. 2003)) (with Devon Carbado)

The Happy Charade: An Empirical Examination of the Third Year of Law School, 52 Journal of Legal Education 235 (2003) (with others)

The Law and Economics of Critical Race Theory, 112 Yale Law Journal 1757-1828 (2003) (reviewing Francisco Valdes et. al., Crossroads, Directions and a New Critical Race Theory (2002)) (with Devon W. Carbado)

What Exactly is Racial Diversity?, 91 California Law Review 1149-1165 (2003) (reviewing Andrea Guerrero, Silence at Boalt Hall: The Dismantling of Affirmative Action (2002)) (with Devon Carbado)

Giants in a World of Pygmies? Testing the Superstar Hypothesis with Judicial Opinions in Casebooks, 87 Iowa Law Review 1141-1212 (2002) (with Veronica Sanchez)

Incorporating LaborJournal of Comparative Labor Law and Policy Journal 171 (2002)

What are Larry's Criteria For Good Corporate Law, 70 George Washington University Law Review 886 (2002)

Interactions at Work: Remembering David Charny, 17 Harvard Blackletter Law Journal 13 (2001) (with Devon Carbado)

Sovereign Piracy, 56 The Business Lawyer 635 (2001) (with Kenneth N. Klee)

What Law Students Think They Know About Elite Law Firms: Preliminary Results of a Survey of Third Year Law Students, 69 University of Cincinnati Law Review 1213 (2001) (with David Wilkins)

Connected Contracts, 47 UCLA Law Review 887 (2000) (with others)

Conversations at Work, 79 Oregon Law Review 103 (2000) (with Devon Carbado)

Exit Consents in Sovereign Bond Exchanges, 48 UCLA Law Review 59-84 (2000) (with Lee C. Buchheit)

Working Identity, 85 Cornell Law Review 1259-1308 (2000) (with Devon Carbado)

Revisiting Kalyani: The Former Agricultural Worker, 34 Economic and Political Weekly (1999)

When Corporate Managers Fear a Good Thing is Coming to an End: The Case of Interim Nondisclosure, 46 UCLA Law Review 1999-2000 (1999) (reprinted in 41 Corporate Practice Commentator 523 (1999-2000), and in Securities Law Review(2000))

Efficiency Wages, Tournaments and Discrimination: A Theory of Employment Discrimination Law for 'High-Level' Jobs, 33 Harvard Civil Rights-Civil Liberties Law Review 57 (1998) (excerpted in Cases and Materials on Employment Discrimination and Employment Law (Michael Harper, Samuel Estreicher eds., 2000)) (with David Charny)

Jayamma: Profile of a Widowed Brick Worker, in Widows in India: Social Neglect and Public Action (Martha Alter Chen ed., 1998) (with Leela Gulati)

On Not Making Law, 61 Law & Contemporary Problems 157 (1998) (with Catherine McCauliff)

Reconceiving the Tournament of Lawyers: Tracking, Seeding, and Information Control in the Internal Labor Markets of Elite Law Firms, 84 Virginia Law Review 1581 (1998) (with David Wilkins)

Female Labour in the Unorganised Sector: The Brick Worker Revisited, 32 Economic and Political Weekly 968 (1997) (with Leela Gulati)

Why are There so Few Black Lawyers in Corporate Law Firms, 84 California Law Review 282-5 (1996) (with David Wilkins)

Passage Home to India, 6 Harvard Human Rights Journal 242-46 (1993)

Remnants of Matriliny: Widows of Two Kerala Villages, 76 MANUSHI: Journal of Women & Society 32 (1993) (with Leela Gulati)

Ethics in Finance, in The New Palgrave Dictionary of Money and Finance 779 (Peter Newman, Murray Milgate & John Eatwell eds., 1992) (with Susan Rose-Ackerman)

Turning Points in Economic Time Series: Loss Structures and Bayesian Forecasting, in Bayesian and Likelihood Methods in Statistics and Economics 371 (1990) (with others)

Issues Edited:

Judicial Institutions and Behavior, 82 Law & Contemporary Problems (No. 2, 2019) (with others)

A Modern Legal History of Sovereign DebtLaw & Contemporary Problems (Fall 2010) (with Anna Gelpern)

Symposium: Odious Debts and State CorruptionLaw & Contemporary Problems (Summer 2007) (with David A. Skeel Jr.)

Current Courses

All Courses

International Debt Finance (and Sovereign Debt Crises)
Law, Economics and Politics
Identity, Politics and the Law

Faculty in the News