SYNOPSIS
This course examines the question of why and how insolvency law permits business corporations that are in financial distress to reorganize their balance sheets and continue operating rather than liquidate.
Topics covered include debtor misconduct, intercreditor conflict, managerial incentives, the sources of going-concern value, workouts, the absolute priority rule, the need for class voting and cramdown, debtor-in-possession financing, going-concern sales, and the political economy of reorganization law.
The course will culminate with a critical comparison of corporate reorganization under U.S. law (as under Chapter 11 of the Bankruptcy Code) and Singapore law (as through the Insolvency, Restructuring, and Dissolution Act 2018).
PROGRAMME
| Time | Day 1 |
| 08:45 - 09:00 | Registration |
| |
| 09:00 - 12:30 | Conflicts among creditors and debtors |
| |
| 12:30 - 13:30 | Break |
| |
| 13:30 - 17:00 | Liquidation, reorganization and sale |
| Time | Day 2 |
| 08:45 - 09:00 | Registration |
| |
| 09:00 - 12:30 | Consent and cramdown in reorganization plans |
| |
| 12:30 - 13:30 | Break |
| |
| 13:30 - 17:00 | Shaping the estate |
| Time | Day 3 |
| 08:45 - 09:00 | Registration |
| |
| 09:00 - 13:00 | Running the debtor and comparing systems: USA vs. Singapore |
SPEAKER
Professor Richard Squire holds the Alin J. Cameron Chair in Law at Fordham Law School and is the Director of the Fordham Corporate Law Center.
He publishes on the subjects of corporate bankruptcy, financial crises, and corporate law; he has also written articles on antitrust and securities regulation.
He received his law degree magna cum laude from Harvard Law School, and he also holds a M.B.A. from Harvard Business School. He has taught as a visiting professor at Yale Law School, Columbia Law School, and Duke Law School.
His book Corporate Bankruptcy and Financial Reorganization was published by Aspen in 2016. His articles have been published in the Harvard Law Review, the Yale Law Journal, the Stanford Law Review, the Columbia Law Review, and the University of Chicago Law Review, among other periodicals.
He has twice been elected Fordham Law School's Teacher of the Year. He previously taught at Harvard College, where he won the Allyn Young Award for excellence in teaching principles of economics.
FEES
The registration fees for this course is $784.80 (including GST).
Please note that there will be no refund of any fees should the participant cancel the registration/ fail to attend the event. However, registration is transferable. Notice of any change in participant should be sent to SMULA, by 21 May 2025.
SMU Law Academy reserves the right to cancel or postpone any event. In such case, we will arrange for the refund of fees paid.
