International Bankruptcy (Lapowsky)
T 6:40PM - 8:30PM
Tanenbaum Hall 142
International Bankruptcy Course
Each spring semester the American College of Bankruptcy offers a live internet-based course in international insolvency law. The College is an honorary association of bankruptcy and insolvency professionals committed to public service. This innovative course is shared by law schools across the United States and in foreign countries through live interactive video over the internet. Experts from around the globe are brought in by the College as guest lecturers for each class session. Robert Lapowsky, a College Fellow and the course professor at Penn, serves as Course Leader in charge of scheduling the speakers and coordinating the lectures. In addition, each site has a professor present to amplify and explain points made by the lecturers and to cover additional materials as desired.
The course is designed as a two-credit course. It is scheduled for 13 sessions that run from 6:40-8:20 p.m. (U.S. Eastern time) on Tuesday evenings (with a 10 minute break). This format leaves time for the professor at the local site to conduct class discussion either before or after the shared lecture. The lectures are recorded so that they can be viewed at later times if your school’s breaks do not match the course schedule. The College covers the majority of the expenses of bringing in leading international speakers, but each participating school is charged a $2,500 participation fee to help defray the costs. For the spring semester 2019, six U.S. law schools and one Mexican law school are currently committed to participating. They are: Chicago-Kent, Georgetown, ITAM (Mexico City), St. John’s University, University of Minnesota, University of Pennsylvania and University of Utah.
This is an excellent course for J.D. students with an interest in bankruptcy law, as more and more bankruptcy cases have cross-border issues. The course has also proved to be of value to LLM students and to students pursuing MBA degrees with an interest in international finance.
While some background in United States bankruptcy law is helpful, the course is designed so that students who have not taken a prior bankruptcy course can participate. For those students, the College has posted series of video lectures covering the fundamentals of U.S. bankruptcy law prepared by Prof. G. Ray Warner of St. John’s University. In addition, the first hour of the first session is structured as an overview of aspects of U.S. bankruptcy law that are relevant to the cross-border issues covered in the remainder of the sessions.
Business and Corporate Law Learning outcomes: Demonstrate a core understanding of business and corporate law; Perform legal analysis in the context of business and corporate law; Communicate effectively on topics related to business and corporate law; Demonstrate an understanding of the interconnection between the world of business and finance and that of business and corporate law, and how they affect other areas of law and society.
International and Comparative Law Learning outcomes: Demonstrate a core understanding of international and comparative law, both substantively and procedurally; Perform legal analysis in the context of international and comparative law; Communicate effectively on topics related to international and comparative law; Demonstrate an understanding of the role of international and comparative law, and their interconnection with domestic law.
Tax Law Learning outcomes: Demonstrate a core understanding of tax law and policy; Perform legal analysis in the context of tax law and policy; Communicate effectively on topics related to tax law and policy; Demonstrate an understanding of how tax law and policy affect other areas of law and business.