Bite-Sized Business Law
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Get a breakdown of the top stories in business law from industry leaders on the front lines with Bite-Sized Business Law. Host Amy Martella takes a closer look at the latest corporate happenings through interviews with the attorneys, legal experts, public figures, and scholars behind the news to distill business law’s biggest stories into bite-sized portions.
This is your chance to go further into the world of business law and stay up to date with legal cases and industry trends.
Corporations impact us all, leading changes that extend far beyond business to shape the economy, public policy, technology, and beyond. Looking at the big picture, Amy discusses not only the underlying issues in business ethics and legal cases leading the biggest stories but also sparks thought-provoking discussions on where the law should be headed.
Amy is the Executive Director of the Corporate Law Center at Fordham University School of Law. Her background ranges from big law to government to tech startups, allowing her to offer an insider’s perspective of the issues that shape corporate actions, large and small. Covering crypto regulation to securities fraud, AI’s impact to Elon Musk’s pay package, Bite-Sized Business Law covers it all with guests of varying viewpoints to provide the nuanced analysis needed to tackle complex problems.
Whether you're looking for the latest in legal insight on intellectual property, mergers and acquisitions, business ethics or legal cases in the business law world, you’ll find it here. Enjoying a thoughtful perspective on the news stories of the moment, Bite-Sized Business Law examines big issues and delivers them in small doses.
Bite-Sized Business Law is a project by the Corporate Law Center at Fordham Law. The Center serves as a hub for scholars, professionals, policymakers, and students to engage in the study, discussion, and debate of current issues in corporate law. The Center focuses on aspects of corporate law, corporate compliance, antitrust law, and securities regulation. Through initiatives like the Mergers and Acquisitions seminar and the Securities Litigation and Arbitration Clinic, students actively engage in real-world research and cases, bridging the gap between classroom learning and practical application in the legal field.
Bite-Sized Business Law
Jay Newman on Undermoney
The perception of defaulted sovereign debt investing has swayed between a masterful strategy and a divisive one that preys on poorer nations. To help us make sense of this, we are joined by one of the godfathers of sovereign debt investing, Jay Newman. Jay has had a remarkable career in international finance, he’s a trailblazer in sovereign debt investing, and now, with his first novel, Undermoney, he has also cemented himself as a captivating author. After learning about Jay’s roots and history in finance, he gives us his definition of sovereign debt investing and how he and his company helped to develop the strategy. Then, we dive into the 15-year saga that concluded with one of the biggest hedge fund trades in history: Argentine bonds. Jay gives us his first-hand experience of the drama including how Argentina acted throughout, how he dealt with pitfalls and challenges, Argentina’s fatal mistake, his asset seizure strategy, and the lessons that can be learned from the seizure of The Libertad. We also discover how the Yegiazaryan v. Smagin ruling of 2023 affects sovereign debt investing, what Jay has to say about the negative perceptions of sovereign debt investing, and the ins and outs of his enthralling debut novel, Undermoney.
Key Points From This Episode:
- Getting to know the international finance expert-turned-novelist, Jay Newman.
- What drew him away from law and into finance, and a look at his professional history.
- The idea behind sovereign debt investing.
- How Jay and his company helped to develop the sovereign debt strategy, and the role of the bond market.
- The 15-year saga that concluded with one of the biggest hedge fund trades in history.
- A critical assessment of how Argentina operated during the saga, and how Jay dealt with it.
- Argentina’s fatal misstep.
- When Jay knew that it was time to pursue Argentina’s assets, and the strategies he used.
- The story behind the seizure of the Argentine naval ship, The Libertad.
- Understanding what broke the stalemate between Argentina and its creditors.
- Jay’s advice for how to handle winning judgments that may not be immediately lucrative.
- How the Yegiazaryan v. Smagin ruling of 2023 impacts sovereign debt investing.
- Our guest’s retort against sovereign debt investing being a predatory, suppressive strategy.
- What inspired him to write Undermoney; the scary truth behind the fiction.
Links Mentioned in Today’s Episode:
Default: The Landmark Court Battle over Argentina's $100 Billion Debt Restructuring
‘22-381 Yegiazaryan v. Smagin (06/22/2023)’
‘Peter Clement Returns: The Death of Wagner Leader Yevgeny Prigozhin’