International Bankruptcy

This course will begin by taking a comparative look at devices for collecting on judgments and creating and enforcing security interests in civil and common law countries. It will then explore the differing national approaches to business bankruptcy. The focus will then shift to recent efforts by UNCITRAL, and the World Bank to create a common procedure for handling transnational insolvencies, and to promulgate guidelines for harmonizing domestic bankruptcy law. Finally, the course will examine efforts by the International Monetary Fund to create a sovereign debt restructuring mechanism.