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). – Read More
Unlawfully-Issued Sovereign Debt (with Mark Weidemaier), Va. J. Int’l L. (2021). – Read More
Legal Air Cover (with Patrick Bolton and Ugo Panizza), J. Fin. Reg. (forthcoming 2021). – Read More
The Make-Whole Provision in Sovereign Bonds (with Ugo Panizza), Cap. Markets L.J. (forthcoming 2021). – Read More
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). – Read More
Avoiding a Lost Decade, Sovereign Debt Workouts in the Post-COVID Era (with Lee C. Buchheit) 16 Cap. Markets L.J. 45 (2021). – Read More
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). – Read More
The Argentine Collective Action Clause Controversy (with Lee C Buchheit), 15 Cap. Markets L.J. 464 (2020). – Read More
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). – Read More
Born Out of Necessity: A Debt Standstill for COVID-19, Center for Economic Policy Research; Policy Insight No. 103 (2020) (with others). – Read More
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). – Read More
King Leopold’s Bonds and the Odious Debts Mystery (with Joseph Blocher and Kim Oosterlinck), 60 Va. J. Int’l L. 487-530 (2020). – Read More
Necessity and the Covid-19 Pandemic (with W. Mark C. Weidemaier), 15 Cap. Markets L.J. 277-283 (2020). – Read More
Transferable Sovereignty: Lessons from the History of the Congo Free State (with Joseph Blocher), 69 Duke L.J. 1219 (2020). – Read More
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). – Read More
Why Did Belgium Pay Leopold’s Bonds? (with Joseph Blocher and Kim Oosterlinck), 83 L& Contemp. Probs. 49-70 (2020). – Read More
Poor Countries Face a Debt Crisis ‘Unlike Anything We Have Seen, New York Times, June 2020 – Read More
Para el país y los bonistas, lo mejor sería tomarse un tiempo, La Nación Argentina, May 2020 – Read More
We Need a Covid-19 Debt Standstill, ORG, April 2020 – Read More
The Necessity of a Global Debt Standstill that Works, Project Syndicate, April 2020 – Read More
Born Out of Necessity: a Debt Standstill for COVID-19, LSE, May 2020 – Read More
“Antique Chinese Debt – The Latest”, Credit Slips, June 25, 2021 – Read More
“The Argentine 2020 Restructuring Drama: An Insider’s Perspective”, Credit Slips, January 14, 2021. – Read More
“Argentina-Inspired Reforms to Sovereign Debt Contract Terms” (Yes, Again), Credit Slips, September 29, 2020. – Read More
“Brazilian 5 Year Sovereign Bonds at a 2.875% Yield: Aiyiyiyi”, Credit Slips, June 26, 2020. – Read More
“Italian Sovereign Debt: Time to Worry or Party?”, Credit Slips, June 15, 2020. – Read More
“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. – Read More
“Lebanon’s Unusual Pari Passu Clause and the Question of How to Construct Credible Priority”, Credit Slips, April 7, 2020. – Read More
“Boer Bonds and the Doctrine of War Debts”, Credit Slips, March 16, 2020. – Read More
“Do CACs Constrain the ECB From Buying Even More Bonds?”, Credit Slips, March 24, 2020. – Read More
“From the Vault: Lee Buchheit on “How to Restructure Greek Debt” Videos”, Credit Slips, 22 March 2020. – Read More
“Puerto Rican Debt and Force Majeure”, Credit Slips, March 20, 2020. – Read More
“Do Italian Sovereign Bonds Have an Implicit Force Majeure Clause?”, Credit Slips, March 16, 2020. – Read More
“The Choice of Advisers for the Lebanese Restructuring”, Credit Slips, March 15, 2020. – Read More
“Paper Dragons”, Credit Slips, March 9, 2020. – Read More
“Figuring Out the Terms in the Lebanese Bonds (and Why Do the Agents in Sovereign Bonds Suck?)”, Credit Slips, March 8, 2020. – Read More
“Odd Lots Podcast on Iraq’s Astonishing Debt Restructuring (Next: Ecuador’s Dodgy Buyback?)”, Credit Slips March 4 2020. – Read More
“Why Are Those Lebanese Fiscal Agency Agreements So Hard to Find?”, Credit Slips February 28, 2020. – Read More
“The Emperor’s Old Bonds”, Credit Slips February 25, 2020. – Read More
“Pre-1949 Chinese Bonds: How Much of a Litigation Threat Do They Pose?”, Credit Slips February 15, 2020. – Read More
“Judgements, CACs and Civil Procedure Quicksand”, Credit Slips February 13, 2020. – Read More
“Do Judgements Trump CACs?”, Credit Slips February 10, 2020. – Read More
“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. – Read More
“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. – Read More
“Buybacks as a Sovereign Debt Restructuring Strategy: Why the Disfavor?”, Credit Slips, January 19, 2020. – Read More
“Hinrichsen on Iraq’s Debt Restructuring”, Credit Slips, December 21, 2019. – Read More
“Yadav on Dodgy Debt Buybacks”, Credit Slips, December 20, 2019. – Read More
How The World Can Bring Aid To Emerging Markets?, Bloomberg Podcast, May 2020 – Listen Here
