Structured Finance and Securitization (Yarett)
Faculty
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| Jordan E. Yarett Adjunct Professor of Law jyarett@paulweiss.com |
Additional Information
Skills Training
Oral Presentations
Team Projects
Drafting Legal Documents
Other Professional Skills:
Grading
20% Participation,
80% Exam
Exam
Short Answer,
Essay,
Take Home,
Open-Book
No
Class meets in person.
Course Continuity
Students are encouraged to stay home if you are ill or experience flu-like symptoms. If you miss a class for any reason, it is still your responsibility to make up the work missed.
I offer the following to students who miss class due to illness:
- Class sessions are regularly recorded. I will make these recordings routinely available on the course site to everyone in the class.
- Class sessions are regularly recorded. If you are absent due to illness or some other unavoidable circumstance, email me and I can send you an email with instructions for accessing the recording for the class session(s) you missed.
- If you are absent, due to illness or some other unavoidable circumstance, email me and I can ask for volunteers among your classmates to share their notes with you.
- When you are better, please make an appointment to meet with me and I will review/answer questions about what you missed.
Meeting Times/Location
M 10:30AM - 12:20PM
Gittis Hall 1
Category
Upper-Level
Credits
2.0
This course is intended to give students at the law school an overview of the key legal issues which confront lawyers acting as counsel to issuers and underwriters of asset and mortgaged backed securities. Key legal areas which are covered include issues relating to the Uniform Commercial Code, US tax law, US securities law, including the investment company act of 1940, the creation of bankruptcy remote entities and their relationship to US bankruptcy issues, cross border issues in securitization and structured finance, and essential legal structural steps in creating and closing a securitization. In the last few years, we have added additional materials which give the students a better sense of the relationship of securitization to other corporate areas of focus such as high yield bonds, leveraged loan transactions and mergers and acquisitions. As a leading practitioner in what is well known in this industry as “whole business securitization,” I will assist students in studying how public company and private equity holders of trademarks, copyrights, franchise rights, movie rights and drug royalties have been able to successfully monetize income streams from these types of assets. This year we are adding a section which will allow students to play the roles of issuer counsel and underwriter counsel in these types of whole business securitization deals.
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.
Skills Learning outcomes: Demonstrate an understanding of the individual course skill; Demonstrate the ability to receive and implement feedback; Demonstrate an understanding of how and when the individual course skill is employed in practice.
Intellectual Property and Technology Law Learning outcomes: Demonstrate a core understanding of intellectual property law; Perform legal analysis in the context of intellectual property law; Communicate effectively on topics related to intellectual property; Demonstrate an understanding of the interconnection between technology and intellectual property, and how they affect other areas of law and society.
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.
Textbooks
"Securitization, Structured Finance, and Capital Markets" by Schwarcz, Markell, Broome |