John V. Ray Research Professor of Law, University of Virginia, School of Law
A.B., University of Chicago; M.A., Yale University; J.D., Harvard Law School
Mitu Gulati’s work focuses on sovereign debt restructuring and contracts, and explores how to help countries in financial distress. Gulati joined the University of Virginia School of Law faculty in 2021. He was previously on the faculty of Duke University School of Law since 2004, and has also served on the faculties of UCLA School of Law and Georgetown University Law Center. Gulati co-hosts the podcast, “Clauses and Controversies,” contributers to the blog Creditslips.org, and serves as regional editor for the Capital Markets Law Journal.
Nailing the Flag to the Mast – Promises of Super-Priority in Public Debt (with Lee Buchheit and Mihalis Gousgounis), Cap. Markets L.J. (forthcoming 2022).
Unlawfully-Issued Sovereign Debt (with Mark Weidemaier), Va. J. Int’l L. (2021).
Legal Air Cover (with Patrick Bolton and Ugo Panizza), J. Fin. Reg. (forthcoming 2021).
The Make-Whole Provision in Sovereign Bonds (with Ugo Panizza), Cap. Markets L.J. (forthcoming 2021).
The Price of Law: The Case of the Eurozone’s Collective Action Clauses (with Elena Carletti, Paolo Colla and Steven Ongena), Rev. Fin. Stud. (forthcoming 2021).
Avoiding a Lost Decade, Sovereign Debt Workouts in the Post-COVID Era (with Lee C. Buchheit) 16 Cap. Markets L.J. 45 (2021).
Maduro Bonds, in Sovereign Debt Diplomacies: Rethinking Sovereign Debt from Colonial Empires to Hegemony (with Ugo Panizza) 282-303 (Pierre Penet & Juan Flores Zendejas, eds., 2021).
The Argentine Collective Action Clause Controversy (with Lee C Buchheit), 15 Cap. Markets L.J. 464 (2020).
Anticipating Venezuela’s Debt Crisis: Hidden Holdouts and the Problem of Pricing Collective Action Clauses (with Stephen Choi and Robert Scott), 100 B.U. L. Rev. 253 (2020).ap. Markets L.J. 464 (2020).
Born Out of Necessity: A Debt Standstill for COVID-19, Center for Economic Policy Research; Policy Insight No. 103 (2020) (with others).
How to Restructure Euro Area Sovereign Debt in the Era of COVID-19 (with Theresa Arnold and Ugo Panizza), 15 Cap. Markets L.J. 322-346 (2020).
King Leopold’s Bonds and the Odious Debts Mystery (with Joseph Blocher and Kim Oosterlinck), 60 Va. J. Int’l L. 487-530 (2020).
Necessity and the Covid-19 Pandemic (with W. Mark C. Weidemaier), 15 Cap. Markets L.J. 277-283 (2020).
Transferable Sovereignty: Lessons from the History of the Congo Free State (with Joseph Blocher), 69 Duke L.J. 1219 (2020).
When Governments Promise to Prioritize Public Debt: Do Markets Care? (with Ugo Panizza, Mark Weidemaier, and Gracie Willingham) 6 J. Fin. Reg. 41-74 (2020).
Why Did Belgium Pay Leopold’s Bonds? (with Joseph Blocher and Kim Oosterlinck), 83 L& Contemp. Probs. 49-70 (2020).
“Antique Chinese Debt – The Latest”, Credit Slips, June 25, 2021
“The Argentine 2020 Restructuring Drama: An Insider’s Perspective”, Credit Slips, January 14, 2021.
“Argentina-Inspired Reforms to Sovereign Debt Contract Terms” (Yes, Again), Credit Slips, September 29, 2020.
“Brazilian 5 Year Sovereign Bonds at a 2.875% Yield: Aiyiyiyi”, Credit Slips, June 26, 2020.
“Italian Sovereign Debt: Time to Worry or Party?”, Credit Slips, June 15, 2020.
“What Can One Do With 50% plus One?”, Credit Slips, April 16, 2020.
“What to do When Your Contract is a Dog’s Breakfast”, Credit Slips April 13, 2020.
“Lebanon’s Unusual Pari Passu Clause and the Question of How to Construct Credible Priority”, Credit Slips, April 7, 2020.
“Boer Bonds and the Doctrine of War Debts”, Credit Slips, March 16, 2020.
“Do CACs Constrain the ECB From Buying Even More Bonds?”, Credit Slips, March 24, 2020.
“From the Vault: Lee Buchheit on «How to Restructure Greek Debt» Videos”, Credit Slips, 22 March 2020.
“Puerto Rican Debt and Force Majeure”, Credit Slips, March 20, 2020.
“Do Italian Sovereign Bonds Have an Implicit Force Majeure Clause?”, Credit Slips, March 16, 2020.
“The Choice of Advisers for the Lebanese Restructuring”, Credit Slips, March 15, 2020.
“Paper Dragons”, Credit Slips, March 9, 2020.
“Figuring Out the Terms in the Lebanese Bonds (and Why Do the Agents in Sovereign Bonds Suck?)”, Credit Slips, March 8, 2020.
“Odd Lots Podcast on Iraq’s Astonishing Debt Restructuring (Next: Ecuador’s Dodgy Buyback?)”, Credit Slips March 4 2020.
“Why Are Those Lebanese Fiscal Agency Agreements So Hard to Find?”, Credit Slips February 28, 2020.
“The Emperor’s Old Bonds”, Credit Slips February 25, 2020.
“Pre-1949 Chinese Bonds: How Much of a Litigation Threat Do They Pose?”, Credit Slips February 15, 2020.
“Judgements, CACs and Civil Procedure Quicksand”, Credit Slips February 13, 2020.
“Do Judgements Trump CACs?”, Credit Slips February 10, 2020.
“216 Jamaica Avenue and the Prospect of Breathing Life Into Antique Chinese Bonds”, Credit Slips February 10, 2020.
“The Bajan Debt Restructuring – 2018-19”, Credit Slips February 6, 2020.
“The «Necessity» Defense in Sovereign Debt Cases”, Credit Slips, January 29, 2020.
“Argentina’s Hundred-Year Bond and its Make-Whole Premium: A Spanner in the Works?”, Credit Slips, January 29, 2020.
“Buybacks as a Sovereign Debt Restructuring Strategy: Why the Disfavor?”, Credit Slips, January 19, 2020.
“Hinrichsen on Iraq’s Debt Restructuring”, Credit Slips, December 21, 2019.
“Yadav on Dodgy Debt Buybacks”, Credit Slips, December 20, 2019.
New York Times || Poor Countries Face a Debt Crisis ‘Unlike Anything We Have Seen – Read More
La Nación Argentina || Para el país y los bonistas, lo mejor sería tomarse un tiempo – Read More
ORG || We Need a Covid-19 Debt Standstill – Read More
Bloomberg Podcast || How The World Can Bring Aid To Emerging Markets?
Project Syndicate || The Necessity of a Global Debt Standstill that Works- Read More
CEPR || CEPR Policy Insight No 103- Read More
LSE || Born Out of Necessity: a Debt Standstill for COVID-19 – Read More
