Brooklyn Law School‘s Center for the Study of Business Law & Regulation and the Brooklyn Journal of Corporate, Financial & Commercial Law will hold a symposium titled Decision Making & Legitimacy in Public Bankruptcies. The conference will be held March 3, 2017.
Bankruptcy is generally seen as a public mechanism for adjusting private debts. Recent crises involving public debt of Detroit, Puerto Rico, Greece and Argentina, among others, have tested the ability of judges and other public institutions to manage the complicated politics of debt restructuring. This program will consider the interaction between traditional institutions, such as judges, creditors, committees, and public officials, and newer mechanisms such as special masters, emergency managers and oversight panels. This program will bring together academics and attorneys who have participated in these cases to discuss the dynamics of those cases and explore approaches for future public debt crises.