Law & Economics of Corporate Bankruptcy & Insolvency

By the end of the course, participants will be able to:

• Understand the conventional law-and-economics theory on the purpose and proper operation of bankruptcy laws;
• Explore the major critiques of that theory and introduce alternative intellectual frameworks;
• Apply the law-and-economics theories to specific issues, examining current doctrinal questions through an economic lens;
• Examine doctrines and theories of consumer bankruptcy to highlight and examine the salient differences between the two fields.

What You'll Learn

This course is offered under the Faculty of Law's Graduate Coursework Programmes in Corporate & Financial Services Law.

This course looks at the economic foundations of corporate bankruptcy and insolvency law. The course will discuss the application of general law-and-economics principles to the governance and reorganization of insolvent and financially distressed business firms. Readings will focus in particular on questions about whether and how general theories of contracts, property, and corporate governance must be amended in the context of insolvency and bankruptcy.

Minimum Entry Requirement

A good Bachelor's or Juris Doctor degree in Law