Edward Morrison : 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: asset sales, inter-creditor agreements, post-petition financing, and the safe harbors for financial contracts. 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. The instructors are Professor Edward Morrison and Judge Christopher Sontchi of the United States Bankruptcy Court for the District of Delaware. Students wishing to take the seminar for three credits must write an additional 10-12 page research paper.
Christopher Sontchi, Edward Morrison
Bankruptcy and Reorganization: The Federal Bankruptcy Code
This course surveys the Federal Bankruptcy Code, including individual bankruptcy and corporate reorganization. Topics include the rights of creditors in bankruptcy, the individual's right to discharge, the relationship between bankruptcy law and state law, the treatment of executory contracts, bankruptcy planning, and the restructuring of corporations in Chapter 11. Final grades will be based on a proctored, three-hour examination. Open to MBA students.
This course, offered over two sequential quarters, is an introduction to commercial and consumer law and lays the foundation for advanced study in commercial transactions, corporations, bankruptcy law, restitution, consumer credit, insurance, labor and employment law, and investment securities. Substantively, the Contracts course deals with how contracts are formed, which contracts are valid, when a contract has been breached and the various remedies for breach, including damages, specific performance, and restitution. The course is also designed to introduce students to legal methodology, particularly common law reasoning and incrementalism. The student's grade is based on a proctored, four-hour final examination.