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Corporate Center Minutes - Volume 1, Issue 1


  

Welcome!

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Welcome to the inaugural issue of Corporate Center Minutes, the e-newsletter for the Fordham Corporate Law Center, where you will find highlights of the Center’s many achievements and exciting upcoming events.  I hope you enjoy reading about the Center and look forward to welcoming you at the Center’s programs.
 
Michael M. Martin
Dean and Fordham University Distinguished Professor of Law


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Welcome!  In this inaugural issue of Corporate Center Minutes, we highlight some of our programs from the past year and look forward to the academic year to come.  We invite you to join us and reconnect with Fordham Law.

We were especially proud to welcome top public officials to the law school in 2010-2011.  In fall 2010, the current Chair of the Securities and Exchange Commission, Mary L. Schapiro, and two former Chairs, Richard C. Breeden and Harvey L. Pitt, discussed the future of the SEC.   Then, in spring 2011, The Honorable Jed S. Rakoff delivered the Tenth Annual Albert A. DeStefano Lecture, “Are Federal Judges Competent? Dilettantes in an Age of Economic Expertise.”  Learn more about the SEC Panel and Judge Rakoff’s remarks.

In June 2011 we crossed the Atlantic to inaugurate the Fordham Law Global Finance Symposium.  The event, held on Fordham University’s London campus, focused on “International Perspectives on Derivative Regulation,” featuring regulators from Europe and the United States and a who’s who of international policymakers, scholars, and practitioners.  Learn more here.

For up to date information on upcoming programs, please visit the Center’s webpage and our blog, where you will find videos and transcripts of our events, links to new business-law scholarship by Fordham faculty, and discussion threads where you can engage in discussion of hot-button issues in business and finance.  You can also follow the Center on Facebook and on Twitter!

For further information on any of the Center’s initiatives, please contact Ann Rakoff, the Center’s Executive Director, at rakoff@law.fordham.edu or (212) 636 – 7985.
 
I look forward to seeing you at our programs.
 
Sean J. Griffith
T.J. Maloney Chair of Business Law
Director, Fordham Corporate Law Center


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Public Lectures and Academic Programs

Panel discussion with the Current Chair of the SEC and two former Chairs of the SEC on the future of the Securities and Exchange Commission
September 27, 2010
Mary L. Schapiro, Chair of the Securities and Exchange Commission
Richard C. Breeden, former Chair of the SEC, Founder and Chair, Breeden Capital Management LLC
Harvey L. Pitt, former Chair of the SEC, Founder and CEO, Kalorama Partners, LLC
Richard H. Walker, Moderator, General Counsel, Deutsche Bank
“Charting the Future of the SEC: Protecting Investors for the Next 75 Years”
More Info
Video

Eleventh Annual A.A. Sommer, Jr. Lecture on Corporate, Securities and Financial Law
October 28, 2010
Peter J. Wallison, Arthur F. Burns Fellow in Financial Policy Studies and
Co-Director of the Financial Policy Studies Program, the American Enterprise Institute
“Rethinking the Protection of Investors”
More Info
Video
More info on the Sommer Lecture series

Debate on Financial Reform Legislation
November 15, 2010
John C. Coffee, Jr., Columbia Law School
Richard Squire, Fordham Law School
“Financial Reform Legislation: There Ought to Be a Law, But is This It? Dodd-Frank as a Response to the Financial Crisis”
More Info
Video
Presentation Slides

Eleventh Annual Albert A. DeStefano Lecture on Corporate, Securities and Financial Law
April 11, 2011
The Honorable Jed S. Rakoff, U.S. District Court for the Southern District of New York
“Are Federal Judges Competent? – Dilettantes in an Age of Economic Expertise”
Video
More info on the DeStefano Lecture series

International Offerings: Partnership with Fordham Law Office of International & Non-J.D. Programs established Spring 2010

We are very pleased to announce a partnership with the Office of International and Non-J.D. Programs and the development of ongoing and one-time programs.

Comparative Corporate Governance Distinguished Lecture Series
Our inaugural program in Fall 2010 brought two distinguished visiting international scholars to the law school.  This series invites speakers from Latin America, Europe and the Middle East to present current research on issues in global financial law to faculty, students and alumni.

October 13, 2010 (Inaugural presentation)
Daniel Awrey, Columbia Law School Visiting Scholar, University Lecturer in Law & Finance and Fellow, Linacre College, Oxford University
“Financial Innovation: Governance and Regulatory Challenges”

November 3, 2010
Mariana Pargendler, Fundação Getulio Vargas School of Law at São Paulo, Brazil
“One Hat Too Many? State Ownership and Corporate Governance in Comparative Perspective"

More Info

March 2, 2011
Francisco Reyes Villamizar, Universidad Javeriana, Francisco Reyes & Asociados, Bogota Colombia
"A New Policy Agenda for Latin American Company Law"
Video

April 6, 2011
Heribert Hirte, Full Professor at the University of Hamburg, Chair of Civil, Commercial and Business Law, and Acting Director of the Institute of Commercial, Shipping and Business Law
“Bankers’ Bonuses: A Comparative Perspective”
Video

RCA Program
Fordham Law School was recently selected by the Regulatory Compliance Association as the first U.S. law school to co-sponsor a new program in Asset Management Practice and Regulation.  This program, for attorneys and business professionals, is designed to prepare participants for careers as compliance officers, compliance practitioners, or counsel within the asset management industry.  Professor Sean J. Griffith, Director of the Corporate Law Center, will serve as inaugural Director of the RCA@FLS.
More Info

Recent Developments in U.S. Law
Recent Developments in U.S. Law held the inaugural session at Fordham Law School in June 2011. This week-long program is designed primarily for international attorneys seeking exposure to current issues of U.S. business law. Leading New York-based attorneys discuss developments in their fields of expertise and business-law faculty provide background lectures. 

Islamic Finance Law
This program featured Fordham LL.M. alumnus Omar T. Mohammedi, Managing Partner, The Law Firm of Omar T. Mohammedi, LLC, and Monem Salem, Director of Islamic Investing, Saturna Capital.  Due to the enormous turnout and enthusiasm for this event, as well as the growing importance of this topic, Fordham Law decided to add a course on Islamic Finance Law, starting in the Fall 2011 semester to be taught by Mr. Mohammedi.
Video

Raising Capital in the BRIC Countries
This program was held on May 11, 2011 as part of the NYSBA’s International Global Law Week. The panel featured an expert speaking about raising capital in each of the BRIC countries:
• José Ricardo de Bastos Martins, Peixoto e Cury Advogados (Sao Paulo) on Brazil
• Luigi L. De Ghenghi, Davis Polk (New York) on China
• Robert E. Langer, K&L Gates (New York and Moscow) on Russia
• Frederick Tanne, Kirkland & Ellis (New York) on India
Video

Inaugural Fordham Law Global Finance Symposium: International Perspectives on Derivative Regulation
June 10, 2011
Fordham University London Centre, 23 Kensington Square, London, U.K., June 10, 2011
Sean J. Griffith, Conference Director, T.J. Maloney Chair in Business Law, Fordham Law School and Director, Corporate Law Center
Academic Papers
"Toward a More Robust Theory of Complexity and Innovation within Modern Financial Markets"
Daniel Awrey, University Lecturer in Law & Finance Fellow, Linacre College, Oxford University, Faculty of Law
Commentator:  Steven Thel, I Maurice Wormser Professor of Law, Fordham Law School

"Shareholder Opportunism in a World of Risky Debt"
Richard Squire, Associate Professor of Law, Fordham Law School
Commentator: Matthew K. Kerfoot, Counsel, Dechert LLP

"Incentive Problems and Governance Solutions in Derivatives Clearing"
Sean J. Griffith, T.J. Maloney Chair in Business Law, Fordham Law School and Director, Fordham Corporate Law Center
Commentator: Kristin N. Johnson, Associate Professor of Law, Seton Hall University School of Law

Discussant: Jeffrey Golden, Visiting Professor, London School of Economics (Law Department) and Director, MFX Solutions, Inc.

Regulators' Roundtable: Approaches to OTC Derivatives Regulation

I. Clearing: Systemic Risk Management, Governance and Competition Issues
II. Transparency: Regulation of Trading Markets and Execution Facilities. 
Regulators:
Kathleen Kelly, Senior Counsel, Office of International Affairs, Securities and Exchange Commission (SEC)
Patrick Pearson, Head of Financial Markets Infrastructure, European Commission Internal Market Directorate General

Panelists:
John D. Finnerty, Professor of Finance, Fordham Graduate School of Business
Schuyler K. Henderson, Lecturer, Author, Consultant
Ruben Lee, CEO and Founder, Oxford Finance Group
Richard Metcalfe, Head of Global Policy, International Swaps and Derivatives Association (ISDA)
Jérémie Pellet, Head of Regulatory Affairs, BNP Paribas CIB
Moderator: Richard Tredgett, Partner, Allen & Overy LLP (London)

Programs for Students

Business Law Practitioners Series (BLPS) 
The Business Law Practitioners Series, a career-focused series for students, invites distinguished alumni practitioners and friends of the law school to share insights with students about legal and business careers in an informal lunch-time setting.  Our guests describe their work, explain the nature of the issues they regularly address and talk with students following their presentations.

September 21, 2010
Timothy J. Rooney, Jr. ’94, General Counsel, Yonkers Raceway
“The Evolution of Law Practice: Following Your Instincts to a Successful Career”
Video

September 28, 2010
Eugene F. Murphy ’59 Retired, Former Vice Chairman and Executive Officer, General Electric
“FLS Education: Passport to Diversified Career Opportunities”
Video

October 19, 2010
Kevin Burke ’77, Chairman, President and CEO of Consolidated Edison, Inc.
“The Versatility of a Legal Degree”
Video

October 26, 2010
Loretta Shaw-Lorello ’93, Partner, Covington & Burling LLP
“Private Equity Funds Formation & Regulation: Implications of the Dodd-Frank Legislation”
Video

January 25, 2011
Matthew Cushing ’95, Bingham & McCutchen LLP
"Anatomy of the Deal: A Corporate Lawyer's Perspective"
Video

February 8, 2011
William E. Banfield, CRE, Podell, Schwartz, Schechter & Banfield, LLP
"The Business of Real Property Taxes - New York City"
Video

February 15, 2011
John D. Franchini ’95, Milbank, Tweed, Hadley & McCloy LLP
"Cross-Border Mergers & Acquisitions: Places to Focus On and Transactional Issues to Consider"
Video

March 1, 2011
Steven P. Vincent ’83, Brigade Capital Management, and Nancy Tormey Vincent ‘82
"Law & Finance: Advising the Financial Community in Private Practice and In-House"
Video

April 12, 2011
Barbara A. Lane ’80, GE Capital Americas
Candice Aaron (GE Capital)
Linda Filardi (General Electric Company)
"From law firm to in-house: Three dynamic women at GE". 
Video

Committee on Diversity in Business Law
This newly established student-organized group encourages minority and non-traditional students to enroll in advanced business-law courses and consider careers in corporate and financial law.  The Committee will serve as a clearinghouse for students providing mentorships, internships and job-shadowing.  Barbara A. Lane ’80, GE Capital Americas, is the alumna advisor to the committee.

Business Law Faculty/Student Reception
The Center hosts receptions for all students interested in business-law. This is an informal opportunity for students to meet full-time and adjunct faculty and to ask questions about business-law courses and careers in business-law.

Fordham Journal of Corporate & Financial Law
The Corporate Law Center and the Journal of Corporate & Financial Law work collaboratively on programs and the Center’s blog. The Journal of Corporate & Financial Law is the #1 ranked student-edited Banking & Finance specialty journal in terms of citations and the #6 ranked student-edited Corporations & Associations specialty journal. The Journal publishes articles, notes, comments, book reviews, symposia and proceedings on current topics in financial, securities, banking, bankruptcy and tax practice areas. A highlight event is the annual Symposium with renowned scholars and practitioners.  Past topics included: the regulation of investments, Islamic law & finance and antitrust aspects of bank mergers.

Fordham Journal of Corporate & Financial Law Symposium
February 7, 2011
U.S. Senator Sheldon Whitehouse (Remarks)
Lawrence G. Baxter, Duke Law School
Steven M. Davidoff, “The Deal Professor” for the New York Times, University of Connecticut
Daniel Kaufmann, Ph. D., The Brookings Institution
James Kwak, co-author of 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown, co-founder of The Baseline Scenario
Robert F. Weber, Loyola University New Orleans College of Law
Richard Scott Carnell, Fordham Law School (Moderator)
“Regulatory Capture”

A distinguished panel of academics and authors discussed the problems and dangers of regulatory capture with possible solutions.  U.S. Senator Sheldon Whitehouse (D-RI) gave the keynote address with a Q&A session.

Fordham Journal of Corporate & Financial Law Symposium on Regulatory Capture Panel
Video

Fordham Journal of Corporate & Financial Law Symposium on Regulatory Capture Panel: Part 2
Video
 
Senator Whitehouse Keynote Address from Symposium on Regulatory Capture
Video (Senator Whitehouse)

Special Student Lecture
April 26, 2011
Scott V. Simpson, Co-Head of Global Transactions, Skadden, Arps, Slate, Meagher & Flom (UK) LLP
“The State of the Art of Cross-Border Mergers & Acquisitions”

Faculty Scholarship

Eugene P. and Delia S. Murphy Bi-annual Conference on Corporate Law
This conference brings together leading scholars and renowned practitioners for invigorating discussions of current research in an academic setting.

Book Talk
March 30, 2011
Co-authors:
Sean J. Griffith, T.J. Maloney Chair in Business Law and Director, Corporate Law Center, Fordham Law School
Tom Baker, Deputy Dean and William Maul Measey Professor of Law and Health Sciences, University of Pennsylvania Law School
Commentators:
Mark Geistfield, Sheila Lubetsky Birnbaum Professor of Civil Litigation, NYU Law School
Steve Thel, I. Maurice Wormser Professor of Law, Fordham Law School
“Ensuring Corporate Misconduct: How Liability Insurance Undermines Shareholder Litigation”
Video

Panel Discussion
June 1, 2011
Michael V. Campbell, Counsel and Assistant Vice President, Bank Supervision and Markets Division, Federal Reserve Bank of New York, Chair, Banking Law Committee, The Association of the Bar of the City of New York
Carl Felsenfeld, Moderator, Professor of Law, Fordham Law School
David L. Glass, Head of Risk Management Group Legal Affairs for the Americas, Macquarie Group, Former General Counsel, New York Bankers Association
“The Looming Problems of The Bureau of Consumer Financial Protection”
Video

Policy Roundtables
Roundtables bring together individuals with diverse views and from a variety of perspectives to debate controversial issues in an academic setting.  Participants include members of the academy, the practice of law, the business community, regulatory organizations, and the judiciary.