Jay L. Westbrook
The Bankruptcy Section of the State Bar of Texas is pleased to announce Jay L. Westbrook , the recipient of the “Banco Rotto” Award.
The name of the award comes from the Italian phrase meaning “broken bench” which stems from the custom of breaking a money changer’s bench to signify insolvency and from which the term bankruptcy is derived.
The award is given in recognition of extraordinary contribution throughout a lawyer’s career in the practice of bankruptcy law in the State of Texas.
Jay L. Westbrook is one of the nation’s most distinguished scholars in the field of bankruptcy, he has been a pioneer in this area in two respects: empirical research and international/comparative studies. Professor Westbrook also teaches and writes in commercial law and international business litigation. He practiced in all these areas for more than a decade with Surrey & Morse (now part of Jones, Day) in Washington, D.C., where he was a partner, before joining the faculty in 1980. He is co-author of The Law of Debtors and Creditors (Aspen, 7th ed., 2014), As We Forgive Our Debtors: Bankruptcy and Consumer Credit in America (Oxford, 1989), The Fragile Middle Class (Yale, 2000) and A Global View of Business Insolvency Systems (Martinus Nijhoff 2010).He has been Visiting Professor at Harvard Law School and the University of London, and is a member of the American Law Institute, the National Bankruptcy Conference, and the American College of Bankruptcy. He serves as a consultant to the International Monetary Fund and the World Bank. He was the United States Reporter for the ALI’s Transnational Insolvency Project and co-head of the United States delegation to the UN (UNCITRAL) conference on cross-border insolvency. He is an emeritus director of the International Insolvency Institute and a director and former President of the International Academy of Commercial and Consumer Law. He has twice been named the Outstanding Teacher at the University of Texas School of Law.