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Law 1056 examines public policies for dealing with problems arising in markets in which competitive forces are weak. The focus is on monopolies, oligopolies, cartels, and other environments where market mechanisms are unlikely to produce outcomes that benefit consumers more than the alternatives involving costly government intervention. The two main areas examined are competition policy and economic regulation. Competition policy refers to laws that define certain market behavior as illegal because it is harmful to competition or fails to provide consumer benefits that justify its costs to consumers. Economic regulation refers to policies in which government controls prices and/or decides the terms and conditions under which firms can participate in a market. A growing area of study and policy design is the introduction of market mechanisms into formerly regulated industries such as: telecommunications, electricity, airlines, railroads, postal delivery services and environmental regulation. Prerequisites: Econ 51 or equivalent. Elements used in grading: Class Participation, Attendance, Written Assignments, Final Paper and Final Exam. Cross-listed with Economics ( ECON 158).

Many of today's lawyers look to the role of the corporate general counsel as a dynamic career at the intersection of law, business, technology and policy. This course will explore how in-house lawyers add value as a strategic advisor and business partner on business strategy and execution, risk management, dispute resolution, compliance and ethics and overall corporate governance. We will investigate how corporate general counsel interact with the CEO, the executive leadership team, the board of directors, employees, shareholders, customers, business partners, regulators, lawmakers, policy makers and law enforcement. We will learn how in-house counsel build, develop, retain and lead a diverse, global team of professionals across many disciplines. We will hear from experienced and diverse in-house lawyers as well as business leaders. This class will also explore areas of the law that are integral to in-house practice through the lens of a global corporation navigating shifting geopolitical and regulatory landscape -- including transactions, corporate governance, ethics and compliance, securities and SEC reporting, litigation, IP, privacy, internal investigations -- from the perspective of the leader whose job is simultaneously leader, colleague lawyer and client. Students will gain important practical insights into how a global general counsel leads their team and their corporation. Elements used in grading: Attendance, Class Participation, Written Assignments, Final Paper/Presentation.

This one unit course is only an option for students who are concurrently enrolled Taxation I ( LAW 1029) or who have previously taken Taxation 1. The course is an extension of Taxation I with a greater focus on race and class. Goals of the class include deciding which additional materials should be assigned to the basic Taxation 1 course, and what other changes might be made in Taxation 1 and the (Bankman/Shaviro/Stark/Kleinbard) casebook used for the course. The one unit will be graded mandatory P/R/F. After the term begins, students enrolled in Taxation I may enroll in Race and Tax Policy with instructor consent.

This seminar prepares students for the field study portion of the Global Quarter and is only open to students participating in the Global Quarter. Through a mix of guest lectures and class discussions, the seminar will explore subjects to be addressed in our visits with lawyers, regulators and foreign students in (TBA). Topics will include an introduction (TBA) institutions, ESG (Environment, Social and Governance) issues, data privacy, startup ecosystems, and the regulation of fintech. Elements used in grading: Attendance, Class Participation, Written Assignments.

This course is the field study portion of the Global Quarter (GQ). The field study is comprised of a three-week itinerary of office visits, simulated negotiations and counseling sessions, and seminars in (TBA). Participation in the field study qualifies for Pathway B treatment of the Experiential Learning requirement. Elements used in grading: Attendance, Class Participation, Written Assignments, Final Paper.

This course is the field study portion of the Global Quarter. The field study is comprised of a three-week itinerary of office visits, simulated negotiations and counseling sessions, and seminars in Beijing, Hong Kong, Shenzhen, Singapore, and Tokyo. Participation in the field study qualifies for Pathway B treatment of the Experiential Learning requirement. Elements used in grading: Attendance, Class Participation, Written Assignments, Final Paper.

This course will cover a mix of issues that lie at the intersection of the financial regulation of capital markets and corporate finance. The course will include an examination of US regulation of capital flows into and out the United States (including Regulation S, Rule 144A and the use of ADRs), shareholder class action litigation in capital markets around the world through the use of case studies (including the US, Canada, Australia and Japan), financial manipulation in derivative markets (such as the LIBOR scandal), and international arbitration of financial claims. This class runs from January 6 through January 21. Elements used in grading: Attendance, Final Exam. This class is open to ALL students (except 1Ls), and is not limited to students enrolled in the Global Quarter. This class does not overlap with Accounting (students can take both.

This seminar explores selected topics at the intersection of the practice of transnational business law and public policy. This quarter, we will examine three topics of great interest to corporate executives, their legal advisors, and policy makers: the pandemic; human rights and "ESG" (environmental, social, governance) considerations in global business; and the intensifying "tech war" between the U.S. and China. For each of the topics, two seminar sessions will be led by prominent practitioners. For example, our unit on the pandemic includes class sessions with the General Counsel for HHS (discussing Operation Warp Speed and the legal and business challenges behind the development of a vaccine), representatives from KKR (on how the pandemic is changing global business), and from the pharmaceutical industry (on drug development and national security). The final two sessions will be led by teams of students on topics of their choosing. Elements used in grading: Attendance, Class Participation, Written Assignments.

Antitrust law has in the last couple of years become a controversial topic and the subject of intense academic debate, proposed legislation, and international discussion. The seminar will provide a forum in which the students could better understand the current controversies and discuss them in a thoughtful and rigorous fashion. We will have 5 2-hour sessions, each on a different topic with assigned readings. The tentative list of topics is this: (1) "New Brandeis" or populist criticism of the fundamental normative (Chicago and post-Chicago) underpinning of U.S. antitrust law; (2) antitrust and IP, especially patents; (3) antitrust and the digital platforms; (4) antitrust in the health care sector; and (5) comparative perspectives -- antitrust in the U.S. and the European Union. Stanford faculty outside the law school will probably participate in one or more sessions. The class will meet on Wednesdays, from 4:45 to 6:45, on April 1, 15, and 29 and May 13 and 27. Elements used in grading: Attendance, Class Participation. CONSENT APPLICATION: To apply for this course, students must complete and submit a Consent Application Form available on the SLS website (Click Courses at the bottom of the homepage and then click Consent of Instructor Forms). See Consent Application Form for instructions and submission deadline.