presents the 2013 Symposium The Nation State and Its Banks: Sovereign Debt and International Regulation with Professor Jay Westbrook. Executive Summary The Symposium brings together leading academics, officials and practitioners for two days of discussion on the international implications of the evolving regulation of financial institutions. The major topic headings are Sovereign Debt, International Regulation of Financial Companies, Derivatives, and the Inter-relationship among those three challenging topics. While four panels will be traditionally academic, we introduce several Roundtables, which will give practicing attorneys a chance to discuss the practicality, problems, and benefits of implementing ideas from the panels in the real world. We already have confirmations from Sean Hagan, General Counsel of the IMF, Henry Hu, and Dr. Christoph Paulus, former dean of the law faculty at Humboldt and the leading German legal expert on the sovereign debt crisis in Europe with more great speakers to be announced.
Confirmed Speakers Professor Jay Westbrook One of the nation's most distinguished scholars in the field of bankruptcy and international litigation and regulation; he has been pioneered empirical research and comparative studies in these fields. He practiced in these areas for more than a decade with Surrey & Morse (now part of Jones, Day) in Washington, D.C., where he was a partner, before joining the UT Law faculty in 1980. In addition to many articles, he is co-author of As We Forgive Our Debtors: Bankruptcy and Consumer Credit in America (Oxford, 1989), The Fragile Middle Class (Yale, 2000), The Law of Debtors and Creditors (Aspen, 6th ed., 2009), and A Global View of Business Insolvency Systems (Martinus Nijhoff 2010). He has been a Visiting Professor at Harvard Law School and the University of London, and is a member of the American Law Institute, the National Bankruptcy Conference, and the American College of Bankruptcy. He was the United States Reporter for the ALI's Transnational Insolvency Project and co-head of the United States delegation to the UN (UNCITRAL) conference on cross-border insolvency. He serves as a consultant to the International Monetary Fund and the World Bank. He has also served as a director of the International Insolvency Institute and as President of the International Academy of Commercial and Consumer Law. He has twice been named the Outstanding Teacher at the UT Law School. Professor Henry Hu Professor Henry T. C. Hu holds the Allan Shivers Chair in the Law of Banking and Finance at the University of Texas Law School. He was the inaugural Director of the SEC's Division of Risk, Strategy, and Financial Innovation (2009-2011). The first new Division in 37 years, "Risk Fin" was created to provide sophisticated, interdisciplinary analysis across the entire spectrum of SEC activities, including policymaking, rulemaking, enforcement,
and examinations. Professor Hu teaches corporate law, modern finance and governance, and securities regulation. He has also taught at Harvard Law School, where he was the Bruce W. Nichols Visiting Professor of Law for the 1997-98 academic year. He has been chair of the Association of American Law Schools' Business Associations Section and a member of the Legal Advisory Board of the NASD (now FINRA), the NASD and NASDAQ Market Regulation Committees, and the Board of Trustees of the Center for American and International Law. He is on the Editorial Board of the Oxford University Press's Capital Markets Law Journal. Professor Stephen J. Lubben Stephen J. Lubben, holder of the Harvey Washington Wiley Chair in Corporate Governance & Business Ethics at Seton Hall, is an internationally recognized expert in the field of corporate governance, corporate restructuring, financial distress and debt. He is the author of a forthcoming textbook, to be published by Aspen, on corporate finance, and a contributing author to the new Bloomberg Law on Bankruptcy treatise. He is also the In Debt columnist for the New York Times' Dealbook page. Professor Lubben grew up in west Los Angeles and attended the University of California, Irvine, where he majored in History and minored in Political Science. Following graduation from law school, Professor Lubben clerked for Justice John T. Broderick, Jr. of the New Hampshire Supreme Court. He then practiced in the New York and Los Angeles offices of Skadden, Arps, Slate, Meagher & Flom LLP, where he represented parties in chapter 11 cases throughout the country. Professor Christoph G. Paulus Cristoph G. Paulus is a professor for Civil Law, Procedural Law, Insolvency Law and ancient Legal History at Humboldt University in Berlin. Since 2009 he has been the Director of the Institute for Interdisciplinary Restructuring. He has previously served as Dean of the Law Faculty at Humboldt, Dean of International Affairs of the Law Faculty at Humboldt, Associate Professor for Civil Law and Procedural Law at University of Augsburg, and Interim Professor for Civil Law and Procedural Law at the
Universities of Berlin, Heidelberg, and Saarbrücken. Since 2006, he has been an advisor of the German delegation for the United Nations Commission on International Trade Law (UNCITRAL). Professor Paulus Studied law and received a doctorate at Ludwig-Maximilians University in Munich. Sean Hagan Sean Hagan is General Counsel and Director of the Legal Department at the International Monetary Fund. In this capacity, Mr. Hagan advises the Fund s management, Executive Board and membership on all legal aspects of the Fund s operations, including its regulatory, advisory and lending functions. Mr. Hagan has published extensively on both the law of the Fund and a broad range of legal issues relating to the prevention and resolution of financial crisis, with a particular emphasis on insolvency and the restructuring of debt, including sovereign debt. Prior to beginning work at the IMF, Mr. Hagan was in private practice, first in New York and subsequently in Tokyo. Mr. Hagan received his Juris Doctor from the Georgetown University Law Center and also received a Masters of Science in International Political Economy from the London School of Economics and Political Science. Francis J. Gavin Distinguished Moderator A historian by training, Francis J. Gavin s teaching and research interests focus on U.S. foreign policy, global governance, national security affairs, nuclear strategy and arms control, presidential policymaking, and the history of international monetary relations. Gavin is the Director of the Robert S. Strauss Center for International Security and Law and the first Tom Slick Professor of International Affairs at Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin. He was also the director of "The Next Generation Project - U.S. Global Policy and the Future of International Institutions," a multi-year national initiative
sponsored by The American Assembly at Columbia University. Previously, he was an Olin National Security Fellow at Harvard University's Center for International Affairs, an International Security Fellow at Harvard's Kennedy School of Government, and a Research Fellow at the Miller Center for Public Affairs at the University of Virginia, where he started The Presidency and Economic Policy Program. His publications include numerous scholarly articles, book reviews and editorials. His book, Gold, Dollars, and Power: The Politics of International Monetary Relations, 1958-1971, was published in 2004 by the University of North Carolina Press under their New Cold War History series. Gavin is a member of the Council on Foreign Relations, the Society of Historians of American Foreign Relations, the International Studies Association, the Council for European Studies, and is an advisor to McKinsey & Company. He serves on the Academic Advisory Board for America Abroad Media in Washington, DC and the Advisory Board for the Center for International Business Education and Research at the University of Texas. Past Symposia This Symposium continues a long tradition outstanding symposia, bringing together some of the best international law scholars from around the world. Examples of previous symposia include: 2012 Symposium, The Euro Crisis First Greece then Ireland, Italy, Spain and Portugal. The European common currency has come under pressure from large national debts and the effects of the global financial crisis, ultimately requiring a rescue package close to a trillion Euros. The Euro Crisis has profound implications for law and policy in the European Union and raises numerous questions of fundamental importance. Should the Treaty on the European Union be amended to provide a clearer basis for financial rescue measures, and if so, how should such amendments be designed? Should the European Union be able to interfere in the economic and fiscal policy of individual member states if such interference is
necessary to preserve the stability of the Euro? Does the Euro Crisis call for a redefinition on the role of the European Central Bank? TILJ in cooperation with the Center for European Studies at the University of Texas will attempt to answer some of these pressing questions with its Symposium on the Euro Crisis. The Symposium will feature a number of legal and economic scholars and will focus on both the legal and practical implications the current Euro Crisis has on the European Union and the world. 2011 Symposium, Air and Missile Warfare Manual This Symposium focuses on the new Manual on International Law Applicable to Air and Missile Warfare, produced by the Program on Humanitarian Policy and Conflict Research at Harvard University. Should nongovernmental entities be constructing treatises representing international law? To what extent can such treatises be relied upon? What methodology is appropriate, and is it possible to ascertain enforceable customary law? The conference brought together a group of interdisciplinary thinkers to discuss the appropriateness of such actions and analyze the Air and Missile Warfare, in particular. 2010 Symposium, International Insolvency: The Priority Dilemma The financial crisis accelerated the filing of multinational insolvencies from frequent to commonplace, dragging with them a host of unresolved difficulties of cooperation, fairness, and efficiency. Perhaps the greatest difficulty is the existence of widely different treatment of creditors from one country to the next, a problem often discussed under the heading of priority or preference. Symposium explores these difficulties over two days in four panels. The