Schwarcz selected a Fellow of the American College of Bankruptcy

March 12, 2010Duke Law News

Steven L. Schwarcz, the Stanley A. Star Professor of Law and Business, is being inducted today as a Fellow of the American College of Bankruptcy. The induction ceremony for the 35-member 2010 Class of Fellows is being held at the U.S. Supreme Court in the Great Hall, presided over by David G. Heiman, chair of the College.

The College is an honorary association of insolvency professionals, including private and corporate practitioners, academics, trustees, judges, and government officials. “Nominees are extended an invitation to join based on a record of achievement reflecting the highest standards of professionalism,” the College stated in a press release. “Criteria for selection include: the highest standard of professionalism, ethics, character, integrity, professional expertise and leadership contributing to the enhancement of bankruptcy and insolvency law and practice; sustained evidence of scholarship, teaching, lecturing or writing on bankruptcy or insolvency; and commitment to elevate knowledge and understanding of the profession and public respect for the practice”

Fellows are selected by a Board of Regents from among recommendations received from the Circuit Admissions Council in each federal judicial circuit.

The founding and co-academic director of Duke University’s Global Capital Markets Center, Schwarcz focuses his scholarship and teaching on commercial law, bankruptcy, international finance, and capital markets. He has published extensively on issues relating to the current financial crisis, including on the future of securitization, and is the author of the leading legal article on systemic risk.

As a practitioner prior to joining the Duke Law faculty, Schwarcz represented many of the world's leading banks and other financial institutions in structuring innovative capital market financing transactions, both domestic and international. He also helped to pioneer the field of asset securitization, and his book, Structured Finance, A Guide to the Principles of Asset Securitization (3d edition 2002), is one of the most widely used texts in the field. Schwarcz testified in October 2007 before the House Committee on Financial Services on the issue of systemic risk and the ability of the financial regulatory structure to respond to threats to the financial system.
Other News
  • Susan Akers JD/MEM ’91

    After majoring in biology at Wake Forest University, Susan Akers broke new ground for Duke Law students by pairing her JD studies with the pursuit of a graduate degree in environmental management from the Duke School of Forestry and Environmental Studies (now called the Nicholas School of the Environment).

  • Environmental Law and Policy Clinic comments on proposed international regulations for mining the ocean floor

    The Environmental Law and Policy Clinic weighed in on the first-ever regulations proposed for mineral exploitation of the ocean floor in June, emphasizing the need to protect deep-sea biodiversity and ecosystem function.  Little is known about life in the deep sea, a region scientists have only recently begun to explore, but discoveries over the past few years by Duke scientists and others have provided glimpses of an astonishing range of biodiversity — including unique life forms thriving in super-heated thermal vent environments.