Christopher Sontchi : Courses and Seminars
Advanced Topics in Corporate Reorganizations
This seminar will explore emerging issues in corporate reorganization. We are principally interested in the ever-present tension between bankruptcy law and policy and the practical reality of managing a company’s business in Chapter 11. The seminar will address four broad topics: (i) asset sales and restructuring agreements, (ii) inter-creditor agreements and post-petition financing, (iii) the safe harbors for financial contracts, and (iv) cross-border insolvency. We will devote two seminar meetings to each topic. During the first, we will discuss case law and hypotheticals, academic and practice-oriented articles, and pleadings, briefs and orders from recent Chapter 11 cases. During the second meeting, we will invite a leading professional to join our seminar and discuss his or her perspectives on the topic that we are studying. Students will lead this discussion. If time permits, our group will join the professional for dinner after the seminar. Grades will be based on class participation (40%) and four short papers (60%). The papers are intended to prepare you to engage deeply in discussion with the invited professionals. Each paper should not exceed six double-spaced pages, should analyze and raise questions about an aspect of a topic that we are studying, and should be submitted no later than noon on the day when we are hosting a professional. Although there is no pre- or co-requisite for this seminar, we recommend that you have taken or are currently taking a course in bankruptcy law. Students wishing to take the seminar for three credits must write an additional 10-12 page research paper.
Douglas G. Baird, Christopher Sontchi