Oxford Business Law Blog

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Creditor Rights, Implicit Covenants, and the Quality of Accounting Information

While creditor protection is essential for the development of private credit markets, providing lenders with control rights might have adverse effects, such as too little risk taking or a creditor-induced...

17 February 2022

Tracking Bankruptcy Filings in the COVID-19 Crisis

The COVID-19 pandemic has disrupted normal life and triggered massive economic slowdowns. In the United States, consumer spending has dropped dramatically and unemployment temporarily hit the highest levels since the...

Insolvency Law in Times of COVID-19

The international spread of the coronavirus is not only generating dramatic consequences from a social perspective but it is also heavily affecting the global economy. For this reason, governments, financial...

14 April 2020

Aurelio Gurrea Martínez

Derivatives Supply and Corporate Hedging: Evidence from the Safe Harbor Reform of 2005

Are supply-side fluctuations in the derivatives market important for corporate risk management? If the supply of hedging instruments is perfectly elastic, then hedging levels are determined exclusively by a company’s...

5 December 2017

Erasmo Giambona

Ye Wang

Bond Workouts, Distressed Equity Offerings and State Interventionism - The Inefficiency of French Law Concerning the Restructuring of Large Distressed Companies

In my most recent paper, ‘Bond workouts, distressed equity offerings and State interventionism - Analysis of the Consequences of the Inefficiency of French Law Concerning the Restructuring of Large...

17 October 2017

Sophie Vermeille

US Court of Appeals Issues Important Decision for Bond Market

In a well-reasoned decision, the Second Circuit yesterday resolved an issue that has caused significant uncertainty for out-of-court debt restructurings and, as a result, for the corporate debt market as...

19 January 2017

Wachtell, Lipton, Rosen & Katz

Yes, You Can Have Too Few Lawyers! A Quasi-Natural Experiment On the Effect of Lawyers, Yakuza and Zombie Firms on the Japanese Economy.

Anti-lawyer sentiment pervades modern popular culture: ‘What do you call a thousand lawyers chained together at the bottom of the ocean?’ asks the fictional character Andrew Beckett in the 1993...

25 November 2016

Paolo Campana

Ken Okamura

How Institutions’ Choice of Counterparties can Raise Systemic Risk

The modern financial system is highly interconnected. Institutions engage in a diverse range of transactions and contracts with each other. Examples include the interbank lending market and the over-the-counter derivatives...

10 October 2016

Jessie Jiaxu Wang

Creditor Rights, Implicit Covenants, and the Quality of Accounting Information

Tracking Bankruptcy Filings in the COVID-19 Crisis

Insolvency Law in Times of COVID-19

Derivatives Supply and Corporate Hedging: Evidence from the Safe Harbor Reform of 2005

Bond Workouts, Distressed Equity Offerings and State Interventionism - The Inefficiency of French Law Concerning the Restructuring of Large Distressed Companies

US Court of Appeals Issues Important Decision for Bond Market

Yes, You Can Have Too Few Lawyers! A Quasi-Natural Experiment On the Effect of Lawyers, Yakuza and Zombie Firms on the Japanese Economy.

How Institutions’ Choice of Counterparties can Raise Systemic Risk

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