During early 2021, the financial markets were shaken by an epic multi-billion dollar battle
between a loosely organized group of stock traders communicating through the discussion …

There have been several cases in recent years where credit default swap (CDS) buyers and
sellers intervene in the restructuring of a distressed firm. We show theoretically that this can …

Perhaps no recent development in financial restructuring has inspired as much cynical eye-
rolling as the non-pro rata workout. A non-pro rata transaction, like a conventional out-of …

Fiduciary law is important transnationally, particularly in the context of global capitalism.
Fiduciary law's characteristic regard for others offers a response to the pursuit of …

This Article addresses two issues with Credit Default Swaps (CDS). First, though bankruptcy
courts have correctly intuited that CDS may dictate creditor incentives, they have not fully …

Derivatives are financial instruments used to shift risks, such as risks of interest rate or
foreign exchange rate fluctuations or changes in the value of assets such as stocks, bonds …

Court scrutiny of fiduciary and stockholder decisions is at the heart of corporate governance.
Fundamental doctrines generally mandate a light touch. The business judgment rule …

The lack of any comprehensive response to the emergence of non-pro rata refinancing
transactions poses a theoretical as well as practical puzzle. Most investors seem to think that …

Appraisal in craporate law is a controversial topic. Policymakers have debated the goals
served by the appraisal remedy, and legislatures have repeatedly revised appraisal statutes …

Corporate law in the United States of America has been shaped and developed on the basic
assumption that stakeholders in a firm want the firm to succeed. However, due to the rise of …