LAW 700: Corporate Restructuring
This course focuses on the legal, business, and litigation issues that a corporation confronts when it encounters financial distress. Preliminary, the course will address issues regarding the pre-bankruptcy fiduciary obligations of the Corporation’s Board of Directors and Management. The main focus of the seminar will, however, be the legal financial and litigation obstacles faced by a Corporation during a Chapter 11 case in which the parties in interest dispute whether the Corporation should be sold or emerge as a reorganized entity. The course will draw upon actual pleadings and case studies to illustrate the legal issues raised by such a dispute and the litigation strategy employed by the primary parties. Some of the areas covered will be “first-day papers,“ debtor in possession financing, bidding procedures, asset sales, assumption and rejection of executory contracts and confirmation of reorganization plans. Pre or Co-requisite: Bankruptcy. Corporations would be helpful. [1 credit hour]
