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News@Law, 09/30/2015

News@Law is a selection of the day's news clips regarding Harvard Law School.
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Today's News

Climate ‘Reparations’ for Poor Nations? Not So Fast
An op-ed by Cass Sunstein. There is unprecedented momentum for a real international agreement at the Paris climate talks in December: The U.S. is on track to make significant cuts in greenhouse-gas emissions, China has announced a cap-and-trade program and many others have made commitments of their own. The biggest obstacle? Justice -- or at least two ideas about justice. The first involves redistribution.
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The Wall Street Journal
The Examiners: End the Trust Indenture Act’s Bondholder Voting Ban
An op-ed by Mark Roe. Courts are striking down and calling into question an important class of contentious bond restructurings that until now have been viable. The barred restructurings are so-called “exit exchange offers,” in which the debtor company offers new bonds for old bonds. Those exchanging old bonds for new ones must first vote to delete some or all of the bonds’ protections. This structure is controversial—and is now being struck down—because it drops nonparticipating bondholders into a “death trap.” Either the bondholder takes the deal (even if they don’t want to) or suffers as its bonds lose protections and value.
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Keeping Conspiracy Out of Guantanamo Trials
An op-ed by Noah Feldman. Can the military tribunals at the prison in Guantanamo Bay, Cuba, try civilian offenses? In a landmark decision in June, a panel of the U.S. Court of Appeals for the D.C. Circuit said no, restricting the tribunals to international war crimes and short-circuiting most Guantanamo trials except for the Sept. 11-related ones. But the court decided Friday to rehear the case en banc, effectively vacating the panel’s opinion.
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The National Law Review
Law Firm Collaboration: A Way Forward
Times have been changing for law firms for a while now. They must contend with shrinking revenue streams, due to sophisticated clients with increasingly complicated problems...Dr. Heidi K. Gardner, a Lecturer on Law and Distinguished Fellow at the Center on the Legal Profession at Harvard Law School studies law firms and how collaboration works in law firms...Her research analyzes and demonstrates the value of collaboration to the modern law firm, and how effectively collaborating--or getting specialists to work together across the boundaries of their expertise-- can help law firms provide more client-focused service and increase their revenue streams in the process.
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