Mark Weidemaier & Mitu Gulati Robin Wigglesworth and John Paul Rathbone have an insightful piece in the Financial Times on how China, Russia, and the US are jockeying for position in Venezuela, which needs debt relief. The other governments are in a ... Read full article
With the announcement by CFPB Richard Cordray that he will be leaving the agency by the end of the month, the question arises who will succeed Cordray as Director. ... Read full article
Good academic workshops are hard to run. I know, because this is a task that I have failed at, and continue to fail at, repeatedly. ... Read full article
Mitu Gulati & Mark Weidemaier ... Read full article
Although technically ... Read full article
Confusion reigns. Venezuela might plan to default , but maybe it's just pretending so it can buy bonds back on the cheap. ... Read full article
Several days ago, Stephanie McNeal at BuzzFeed News published a short piece on Lularoe's intersection with consumer bankruptcy filings. I've blogged about multi-level marketing (MLM) companies' potential role in bankruptcy filings a couple ... Read full article
It is rare that the ideas in academic articles fundamentally change the world. ... Read full article
A few days ago, I put up a post about a very interesting recent article by Richard Kilpatrick on highly sticky (and inefficiently so) shipping contracts. ... Read full article
The news out of Venezuela with regards to its debt situation has been keeping investors (who love the high returns, but dislike the uncertainty) in a tizzy, to put it mildly. But today's news was perhaps the most bizarre yet. Mr. Maduro, on the one ... Read full article
My inbox is being bombarded with law firm commentary on the Court of Appeals for the Second Circuit's decision that cramdown interest rates should be determined by "market rates," rather than by formula, when the relevant debt market is ... Read full article
HT: Joseph Blocher ... Read full article
Netflix has long interested me as a company, not only because of shows like " Master of None " (Aziz Ansari and Alan Yang have delivered brilliantly), its darwinian management philosophy (very cool podcast on Planet Money), but because of its ... Read full article
On November 6, the Supreme Court will hear arguments in a case only a lawyer--and probably only a commercial or bankruptcy lawyer--could love, Merit Management Group v. FTI Consulting . Simplifying quite a bit, the issue is whether a payment by wire ... Read full article
By a 51-50 vote , with Vice President Pence breaking the tie, the Senate has voted to overturn the Consumer Financial Protection Bureau's rule forbidding the use of contract terms (in covered consumer loan products) barring cons ... Read full article
Adam Lerrick , of the American Enterprise Institute, has offered an intriguing approach to the Republic of Venezuela/PDVSA debt problem. Call a spade a spade. The distinction in the market between Republic of Venezuela and PDVSA bonds has always been ... Read full article
A while back , political scientist Mirya Holman and I wrote a book chapter making sense of existing (and dueling) studies of the relationship between medical problems and bankruptcy, and presenting new findings from the 2007 Consumer Bankruptcy Project on ... Read full article
Most of us who have had to read hundreds of commercial contracts for either our jobs as lawyers or for our research have also necessarily read lots of “choice-of-law” provisions. I know I have. But I am also embarrassed to say that I never paid much ... Read full article
The NBER summer institutes are where the fanciest economists go. Anusha Chari and Paul Goldsmith-Pinkham have a cool new paper looking at the gender gaps in who gets on the schedule for the NBER summer institutes. Here is their basic finding: ... Read full article
