In this seminar, Professor Edward Morrison will provide a general overview of the trends and challenges observed in the law and practice of corporate restructuring in the United States. Topics to be discussed will include pre-packs, asset sales, duration of insolvency proceedings, creditor control in bankruptcy, relative use of bankruptcy proceedings, the role of hedge funds in insolvency proceedings, the increasing use of workouts, third-party releases, and small business bankruptcy. Professor Morrison’s presentation will be followed by an analysis of various trends and challenges observed in the restructuring ecosystem in Singapore, Malaysia and beyond.
SPEAKER
Professor Edward R. Morrison
Charles Evans Gerber Professor of Law
Columbia Law School
Professor Morrison is an expert in corporate finance and restructuring, household finance and consumer bankruptcy, and contract law. He is co-editor of the Journal of Legal Studies.
Morrison’s scholarship has addressed corporate reorganization, consumer bankruptcy, the regulation of systemic market risk, and foreclosure and mortgage modification. His recent work studies patterns in inter-creditor agreements, valuation disputes in corporate bankruptcies, racial disparities in Chapter 13 bankruptcy filings, and the relationship between financial distress and mortality rates.
Morrison teaches Contracts, Bankruptcy Law, and Corporate Finance. He is co-director of Columbia University’s Richard Paul Richman Center for Business, Law, and Public Policy and is faculty director of the Law School’s Executive LL.M. Program.
He received the 2018 Willis L.M. Reese Prize for Excellence in Teaching, awarded by the graduating class of the Law School.
Morrison’s research has been published in the American Economic Review, Journal of Law & Economics, and other leading peer-reviewed publications. His work has been cited by the bankruptcy bench and bar and received support from the National Science Foundation and Pew Charitable Trusts. Morrison and his co-author (Douglas Baird) received the 2012 John Wesley Steen Law Review Writing Prize from the American Bankruptcy Institute (ABI) for an article on the Dodd-Frank Act published in the ABI Law Review.
He is a member of the National Bankruptcy Conference and recently served as a director of the American Law & Economics Association, member of the Supreme Court’s Advisory Committee on Bankruptcy Rules, and associate editor of the American Law & Economics Review.
Morrison was the Paul H. and Theo Leffmann Professor of Commercial Law at the University of Chicago Law School from 2013 to 2014. He first began teaching at Columbia Law School in 2003 and from 2009 to 2012 was the Harvey R. Miller Professor of Law and Economics. Morrison clerked for Justice Antonin Scalia of the U.S. Supreme Court and for Judge Richard A. Posner of the U.S. Court of Appeals for the 7th Circuit.
CHAIR
Associate Professor Aurelio Gurrea-Martínez
Head, Singapore Global Restructuring Initiative
SMU Yong Pung How School of Law
COMMENTATORS
Mr. Darius Tay
Director
BlackOak, Singapore
Dr. Ravindran Navaratnam
Executive Director
Sage 3, Malaysia
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