Study

The course will focus on the process by which a corporate debtor reorganizes under the provisions of Chapter 11 of the Bankruptcy Code. Prior familiarity with bankruptcy principles and debtor-creditor law is not required. These will be incorporated in the course as it unfolds. Some familiarity with business organization is helpful but not necessary.

The subject will be covered primarily from three perspectives: the underlying business and economic dynamics that lead both to the debtor's financial crisis and to its potential to rehabilitate through a plan of reorganization; the supervision of a debtor by the bankruptcy court; and the reality that virtually all commercial transactions and financial contracting occur in the “shadow” of bankruptcy law and its potential to alter rights and obligations.

Topics to be covered include historical, Constitutional, and policy issues underlying Chapter 11's provisions and goals; overview of basic business structures and transactions bearing on Chapter 11 reorganization; alternatives to avoid Chapter 11; the powers and oversight role of the bankruptcy court and the obligations and governance of a corporate debtor when under the protection of the bankruptcy court; the major phases of a Chapter 11 case from initial filing to consummation of a plan of reorganization (e.g., formulation of a business plan and the plan of reorganization, claims procedures and classification, plan disclosure and voting, plan confirmation, discharge, and consummation); recovery and disposition of assets in Chapter 11, including asset sales, and avoidance remedies; and numerous special topics encountered in Chapter 11 practice.

Contract Drafting is an upper-level simulation course that teaches basic practical skills by having students work “in role” as lawyers undertaking various drafting tasks in a series of exercises. While the skills taught will be basic, they will also be translatable to more sophisticated contracts. The course will feature lectures, class discussions, and in-class business issue-spotting and drafting exercises, with an emphasis on the exercises. There will be pre-class reading assignments from the text, sometimes supplemented with other outside reading, including various sample contracts. Some exercises will be group projects, and regular peer feedback, along with feedback from the instructor, will be a feature. Grading will be on the basis of written drafting assignments, at least one graded peer-feedback assignment, and class participation.

Students who take Law 519 Contract Drafting may not take Law 522 Contract Drafting: The Next Generation.

This course introduces international investment law as a tool to protect investments abroad and explores its principles and key features from the perspective of various stakeholders that support and derive financial value from the system. Since the value of claims depends on their legal merit and enforceability of decisions, the course begins with key jurisdictional and substantive legal principles and also covers valuation principles and the regime for the recognition and enforcement of awards. The course also covers a variety of techniques that investors and their counsel can use to preserve and recover value from international investment law claims, including incorporating in jurisdictions affording treaty rights and introduces students to the growing industry of legal finance, which has permitted the funding and monetization of claims (such as through the assignment of claims or divestitures) and continues to innovate ways to allow users to access justice and hedge risks.

Artificial intelligence is on a tremendous growth trajectory and is being developed, adopted and used for many purposes throughout society.  From a legal and policy perspective, AI presents many interesting and complex issues because the technological developments have greatly outpaced the legal, ethical, and policy developments.  One of the important questions centers on what legal and policy frameworks and practices are appropriate to build an ecosystem of trust that will help ensure citizens and other stakeholders that artificial intelligence will benefit them and is being developed and deployed in an ethical, safe, reliable and responsible manner (the “Legal and Policy Framework Question”).  Policymakers and other stakeholders around the globe are grappling with this Legal and Policy Framework Question.  As the discussions unfold, organizations also are designing their own practices for operationalizing trustworthy or ethical artificial intelligence.

The goal of the seminar is to give students a foundation in the emerging AI laws and policies and insight on the broader process of how laws and policies need to adapt for significant technological changes.  This seminar will explore in detail several approaches currently being considered to answer the Legal and Policy Framework Question, including regulatory approaches, standards, soft law, and self-regulation. As the students study various approaches, they will be asked to consider several sub-questions, such as (a) how the AI legal and policy framework should be calibrated to address risk, (b) the extent to which the framework should be sector specific or apply across industries, (c) which frameworks enable society to capitalize on AI’s benefits and mitigate potential risks, and (d) what is the optimal level of cross-border harmonization and how best to achieve it.   The course also will explore certain other legal issues arising in connection with AI, such antitrust and competition law and intellectual property and proprietary rights matters.

This seminar merges insights from legal ethics and behavioral ethics to help form an analysis of corporate compliance failures. The seminar will examine the basics of compliance, the roles of different compliance actors, and specific compliance areas, using case studies to explore these issues

The goal of this class is for students to develop skills working with sophisticated clients on complex issues that lack easy answers and to simulate the practice of law in a way that a young associate is likely to experience it whether at a large law firm or in a small legal office. The primary focus is interviewing and counseling business clients and drafting client-related communications.

The first part of the class is split into five two-week segments. In the first week of each segment, the class will study a legal issue and prepare to interview the client. Then, one student interviews the client about a simulated scenario in a conference call as the rest of the class observes.  After the call, the class assesses the legal issues and strategies for responding. Students must then decide what advice to give.

In the second week of each segment, the class evaluates potential responses and prepares to advise the client. Another student counsels the client as the class observes. The focus of the class is on client communications, legal strategy, and developing professional skills, and students will gain exposure to the types of issues commonly faced by corporate counsel, including contract negotiations and potential claims.

Students will also practice working in a law office environment by sending emails to the professor that simulate reports to a supervising attorney and by submitting timesheets showing work they have completed. The final three weeks focus on a 15-page paper that will require independent research on a complex legal topic assigned by the professor. Through these exercises, students will learn to speak confidently with experienced business executives, collect information efficiently from busy professionals, and deliver practical, business-oriented legal advice orally and in writing.

The course will examine the regulation of NCAA athletics and the enforcement of NCAA rules. It will examine in detail several high profile NCAA cases including those involving Penn State, Miami and UNC-Chapel Hill.

This course is designed to introduce students to the state legislative process and prepare them to be competent, thoughtful advocates on behalf of community groups and coalitions. Through simulation activities, students will have multiple opportunities to learn how to engage in effective legislative and policy advocacy, including drafting legislative language, analyzing bills, creating advocacy materials, communicating with key stakeholders, and presenting testimony before a legislative body. Students will explore the legal and ethical dimensions of legislative advocacy and examine the different roles that lawyers can play in effecting change.

During the semester, students will take on the role of legislative advocate on behalf of a community group or coalition. They will follow the development of a piece of legislation from the idea phase through a public hearing. This process includes: (1) understanding a bill from the perspective of a community group/coalition; (2) defining the problem that may be solved (or created) by this bill’s passage; (3) drafting and re-drafting legislative language to strengthen and/or change the bill; (4) drafting a “backgrounder” for legislators and the general public; and (5) developing and presenting arguments in support of the bill. 

Students will work in teams of three or four to represent the interests of a simulated community group or coalition – their “client” – throughout the legislative process. Each student team’s client will represent a different perspective on the proposed bill. Class sessions will break down each procedural component and provide students with multiple opportunities to develop and practice their legislative advocacy skills simulated activities, written assignments, and reflections. Students will receive contemporaneous and written feedback from their professor and peers; students also will engage in regular self-assessment.

This course is open to 2L and 3L JD students. LLM students may enroll with permission of the instructor.

This seminar is designed to provide students with a core foundation of practical knowledge and skills to succeed as an M&A lawyer. The course will involve interactive discussions focused on relevant, real-world M&A topics, a negotiation simulation, and hands-on assignments designed to mirror the types of things young M&A lawyers will be asked to do.