G. Mitu Gulati

  • Perre Bowen Professor of Law
  • 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.

Education

  • J.D.
    Harvard Law School
    1994
  • M.A.
    Yale University
    1991
  • A.B.
    University of Chicago
    1988

Highlighted Works

For most recent publications please see Curriculum Vitae.
(updated November 2022)

Complete List of Works

Forthcoming

Avoiding a Lost Decade--An Interim Update (with Lee C. Buchheit), Oxford Review of Economic Policy (2023).

Works in Progress

Do Investors Care About Municipal Debtors’ Access to Bankruptcy? Evidence from Bond Disclosures (with Richard C. Schragger) (2023).
Green Bonds, Empty Promises (with Quinn Curtis & Mark C. Weidemaier) (2023).

Current Courses

Contracts
International Debt Transactions
Reparations: Identity, Law and Politics

All Courses

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

IN THE NEWS

05/26/2023
Green Bonds; Empty Promises (Oxford Business Law Blog)
05/25/2023
Debt Deals That Burned Emerging-Market Borrowers Make a Comeback (Bloomberg Law)
05/01/2023
Ep 109 ft. Felix Salmon (Clauses & Controversies)
04/10/2023
Ep 106 ft. Mitu & Mark (Clauses & Controversies)
04/03/2023
Ep 105 ft. Reza Baqir (Clauses & Controversies)
03/30/2023
Sovereign Debt Puzzles (Centre for Economic Policy Research)
03/28/2023
Pakistan’s Weird Bond Premium (Financial Times)
03/27/2023
Ep 104 ft. Townsend Hyatt (Clauses & Controversies)
03/06/2023
Ep 101 ft. Natasha White (Clauses & Controversies)
02/27/2023
Ep 100 ft. Wailin Wong (Clauses & Controversies)
02/20/2023
Treating Sovereign Defaults Like a Plane Crash (Financial Times)
02/20/2023
Ep 99 ft. Jorgelina do Rosario & Karin Strohecker (Clauses & Controversies)
02/17/2023
The Perils of (Bond Contract) Faith (Financial Times)
02/13/2023
Study: The Supreme Court Is Even More Elitist Than You Thought (Balls and Strikes)
02/11/2023
The Trillion-Dollar Greenwashing Market (Axios)
02/07/2023
Green Bonds Are Making Fewer and Fewer Promises to Investors (Bloomberg)
02/07/2023
Ep 97 ft. Rich Schragger (Clauses & Controversies)
02/06/2023
The Road to a Supreme Court Clerkship Starts at Three Ivy League Colleges (The New York Times)
02/01/2023
Ep 96 ft. Avinash Persaud (Clauses & Controversies)
01/31/2023
How Elite Connections Open Doors To High Court Clerkships (Law360)
01/23/2023
Ep 95 ft. Livia Hinz (Clauses & Controversies)
01/09/2023
Ep 93 ft. Vincent Buccola (Clauses & Controversies)
12/13/2022
Ep 92 ft. Mitu & Mark (Clauses & Controversies)
12/04/2022
Poor Countries Feel Sting of Local-Currency Debt (The Wall Street Journal)
12/02/2022
Analysis: Ghana Overhaul a Test for $1 Billion World Bank-Backed Debt (Reuters)
11/29/2022
FUD and the Ghana 2030 Bond (Financial Times)
11/28/2022
Ep 91 ft. Sydney Maki (Clauses & Controversies)
11/21/2022
Ep 90 ft. Mitu & Mark (Clauses & Controversies)
11/14/2022
Ep 89 ft. Mitu & Mark (Clauses & Controversies)
11/07/2022
Ep 88 ft. John Coyle (Clauses & Controversies)
11/03/2022
More on the Validity of the PDVSA 2020 Bonds (Transnational Litigation Blog)
10/31/2022
Pakistan’s Deeply Funky Bonds (Financial Times)
10/25/2022
Ep 86 ft. Mitu & Mark (Clauses & Controversies)
10/19/2022
A Silver Lining to Russia’s Sanctions-Busting Clause? (Financial Times)
10/12/2022
‘Stop the Count!’ (Financial Times)
10/10/2022
Ep 84 ft. Steven Tepper (Clauses & Controversies)
10/03/2022
Ep 83 ft. Nikou Asgari (Clauses & Controversies)
09/26/2022
Breaking the Sovereign Debt Impasse (Financial Times)
09/19/2022
Ep 82 ft. Alexandra Scaggs (Clauses & Controversies)
09/05/2022
Ep 81 ft. Chelsey Dulaney (Clauses & Controversies)
09/01/2022
Bill Schmick: The US Supreme Court — Especially This One — Loves Business (The Berkshire Eagle)
08/24/2022
SCOTUS: De Facto Pro-Business? (The Indicator From Planet Money)
08/22/2022
Ep 80 ft. Larry Neal (Clauses & Controversies)
08/09/2022
How Pro-Business is the Roberts Court? (Financial Times)
08/09/2022
Ukraine’s GDP-Linked Securities Holders Preliminarily Approve Payment Changes (The Wall Street Journal)
08/04/2022
The Most Pro-Business Supreme Court Ever (Axios)
07/18/2022
Ep 79 ft. Zach Carter (Clauses & Controversies)
07/09/2022
The Evolution of Sovereign Debt Crises: New Actors Require New Solutions (Florence School of Banking and Finance)
07/05/2022
Ep 78 ft. Mitu & Mark (Clauses & Controversies)
06/28/2022
Russia’s Debt is an ‘Excused Default’: Law Professor (BNN Bloomberg)
06/27/2022
Explainer: Faced With Russia Default, Bondholders Brace for Legal Maze (Reuters)
06/27/2022
Ep 77 ft. Mitu & Mark (Clauses & Controversies)
06/13/2022
Mitu Gulati and Mark Weidemaier on Global Coordination and Sustainable Finance (Sovereign Debt with Jill Dauchy)
06/09/2022
About That SriLankan Airlines Guaranteed Bond ... (Financial Times)
06/07/2022
Confiscating Russian Assets (Now?) (Credit Slips)
06/01/2022
Forced Sovereign Debt Defaults (Financial Times)
05/27/2022
Sri Lanka’s Debt Crisis Matters to the World (Axios)
05/23/2022
Ep 75 ft. Paolo Manasse, Matilde Faralli & Ugo Panizza (Clauses & Controversies)
05/22/2022
The Ransom: A Look Under the Hood (The New York Times)
05/14/2022
The Musk-Twitter Endgame (Axios)
05/09/2022
Ep 73 ft. Marlene Daut (Clauses & Controversies)
05/02/2022
Ep 72 ft. Kevin Washburn (Clauses & Controversies)
04/26/2022
Ep 71 ft. Mitu & Mark (Clauses & Controversies)
04/20/2022
How Russia Can Avert Sovereign Default and Why It Might Not Care (Euractiv)
04/20/2022
Russia Faces New Urgency to Dodge Default, Avoid Wall Street (Bloomberg)
04/20/2022
Russia Tips Into default...or Does It? (The Indicator From Planet Money)
04/18/2022
Ep 70 ft. Mitu & Mark (Clauses & Controversies)
04/09/2022
Russia on the Verge of Bond Default Triggering Financial Chaos: Report (Business Insider)
04/07/2022
Financial Warfare: Will There Be a Backlash Against the Dollar? (Financial Times)
04/06/2022
Has Russia Defaulted on Its Debt? (Quartz)
04/04/2022
Ep 68 ft. Andres de la Cruz (Clauses & Controversies)
03/29/2022
Alphaville’s Guide To Seizing Russian Assets (Financial Times)
03/28/2022
Ep 67 ft. Mitu & Mark (Clauses & Controversies)
03/25/2022
Investors Face Moral Hazard Dilemma on Ukraine and Russia Debt (International Financing Review)
03/21/2022
Ep 66 ft. Deborah Zandstra (Clauses & Controversies)
03/19/2022
Spoils Don’t Go to the Aggressor (Credit Slips)
03/18/2022
Here’s How Messy a Russian Bond Default Could Be (Bloomberg)
03/17/2022
Russia Makes Interest Payment on Government Debt, Averting Default (The Washington Post)
03/15/2022
Bond Markets Forecast Long Financial Freeze for Russia (The Wall Street Journal)
03/15/2022
Unprepared Investors Will Lose Money in a Likely Historic Russian Debt Default: Legal Expert (BNN Bloomberg)
03/15/2022
Should Investors Who Care About ESG Buy Russian Sovereign Bonds? (Credit Slips)
03/14/2022
Ep 65 ft. Mitu & Mark (Clauses & Controversies)
03/14/2022
The Fate of Ukraine’s Debts (Financial Times)
03/07/2022
What a Russia Bond Default Would Mean for the Markets (Axios)
03/07/2022
Ep 64 ft. Mitu & Mark (Clauses & Controversies)
02/23/2022
Letter to the Editor: A Novel Idea for Argentina & the IMF (Americas Quarterly)
02/21/2022
Ep 62 ft. Benjamin Parkin (Clauses & Controversies)
02/14/2022
Ep 61 ft. John Cochrane (Clauses & Controversies)
02/07/2022
Ep 60 ft. Steven Bodzin & Carla Dager (Clauses & Controversies)
01/31/2022
Ep 59 ft. Jill Dauchy (Clauses & Controversies)
01/24/2022
Ep 58 ft. Elya Zhang (Clauses & Controversies)
01/20/2022
The Duty of Creditors To Cooperate in Sovereign Debt Workouts (Oxford Business Law Blog)
01/17/2022
Ep 57 ft. Paul Stephan (Clauses & Controversies)
01/11/2022
Ep 56 ft. Antonia Stolper (Clauses & Controversies)
01/08/2022
Navassa: Property, Sovereignty, and the Law of the Territories - Joseph Blocher & Mitu Gulati (Thesis)
12/15/2021
Lee Buchheit and Mitu Gulati on Debt-for-Nature Deals (Free Range with Mike Livermore)
12/01/2021
Sovereign Domestic Debt Restructuring: Handle with Care (Georgetown University Law Center)
10/18/2021
Ep 55 ft. Gunther Handl (Clauses & Controversies)
10/11/2021
Mitu Gulati, Amanda Dixon, and Hadar Tanne on Specific Performance (The Private Law Podcast)
09/14/2021
The U.S. Stole Billions From Haiti. It’s Time To Give It Back. (Slate)
09/06/2021
Ep 51 ft. Thomas Laryea (Clauses & Controversies)
08/31/2021
Buenos Aires Scares Creditors Into Accepting Bond Swap (Bloomberg)
08/30/2021
Ep 50 ft. Rachel Wellhausen (Clauses & Controversies)
08/26/2021
Mitu Gulati and Ugo Panizza on Haiti’s Odious Post-Colonial Debt (Bloomberg)
07/22/2021
Patrick Bolton, Mitu Gulati & Ugo Panizza on Sovereign Debt Crises (Business Scholarship Podcast)
07/11/2021
Cheeky Cruise Company Lawyering (Credit Slips)
07/09/2021
(Why) Are ESG Sovereign Bonds (Such) Scams? (Credit Slips)
06/09/2021
Green Junk Bonds May Not Deliver Green Results (The Wall Street Journal)

AT UVA LAW

‘Common Law’ S4 E14: A Bloody Revolution and an Odious Debt
‘Common Law’ S4 E14: A Bloody Revolution and an Odious Debt
‘Common Law’: A Bloody Revolution and an Odious Debt
Conflict in Ukraine Suggests Turning Point for International Cooperation, Professors Say
An Update on the Russia-Ukraine Conflict
Sovereign Debt Restructuring in the Era of COVID-19
The Financial Squeeze on Russia — and Now, the World
UVA Law Adds 17 High-Profile Academics. Twitter Hollers Back.
Mitu Gulati, Contracts and International Debt Scholar, To Join Faculty
Common Law S4 E14: A Bloody Revolution and an Odious Debt

Featured Scholarship