This article discusses the resolution of insolvent banks and contrasts FDIC receivership with the increasing use of bankruptcy through § 363 sales and prepackaged Ch. 11 filings (prepacks). First, it presents the legal framework for bank insolvency and previews the transaction structures...

This Comment deconstructs and analyzes the structural regulatory factors that have helped Canada avoid banking crises since 1840. First, it empirically demonstrates the sharply divergent performance of the American and Canadian banking sectors during the recent financial crisis based on equity...

This Article addresses a critical, trillion-dollar question: how do we pay for the reconstruction of Ukraine? The nation has been devastated by Russia’s brutal, unlawful war. Its economy is in shambles, nearing a sovereign debt default and facing rebuilding costs of at least $750 billion. The...

The Russian Federation stands on the edge of financial abyss – excommunicated from the world economy and facing an “imminent” default on its sovereign debt. Just deserts.This Article is the first comprehensive, multi-disciplinary analysis of Russia’s sovereign debt and the consequences...

Systematic infrastructure underinvestment – a $2.6 trillion ‘gap’ – and accelerating climate change have become facts of life in the United States. Though typically attributed to politics, this Article posits the underlying cause as a market disequilibrium rooted in infrastructure’s...

Crypto is at a crossroads. After trillions in value destruction, a cascade of bankruptcies – including FTX’s implosion – and millions of defrauded believers, many are wondering whether the sector has a future. Regulators, meanwhile, aren’t taking chances, “carpet bombing” crypto with...

In response to Russia’s unlawful invasion of Ukraine, the U.S. has led a broad-based global coalition to punish the aggressor with an “unprecedented” sanction regime. Those measures have targeted “the Russian government’s basic tools to manage its macroeconomy,” with a particular...