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Afra Afsharipour

Senior Associate Dean for Academic Affairs

Education

B.A., magna cum laude, Cornell University 1996

J.D., Columbia Law School 1999

Biography

Afra Afsharipour is Professor of Law and Martin Luther King, Jr. Hall Research Scholar at University of California, Davis School of Law. She researches in the areas of comparative corporate law, corporate governance, mergers and acquisitions, and transactional law. She teaches courses in business associations, mergers and acquisitions, startups and venture capital, and antitrust. Her scholarship has appeared in several books and law reviews, including Columbia Law Review, Minnesota Law Review, Oklahoma Law Review, National Law School of India Review, Vanderbilt Law Review, and other leading journals. She is the author of the Handbook on Corporate Governance in India: Legal Standards and Board Practices (The Conference Board 2016).

In 2018 she was honored by the Association of American Law Schools (AALS) with the Section on Business Associations Outstanding Mentor Award. In 2014 she was selected for the Lawyers of Color's 50 Under 50 list, a comprehensive catalog of minority law professors making an impact in legal education.

Prior to joining the Davis faculty, Professor Afsharipour was an attorney with the corporate department of Davis Polk & Wardwell in both New York, NY and Menlo Park, CA. There she advised clients on domestic and cross border mergers and acquisitions, public and private securities offerings, and corporate governance and compliance matters. She also served as a law clerk to the Honorable Rosemary Barkett of the Eleventh Circuit Court of Appeals.

Professor Afsharipour received her J.D. from Columbia Law School, where she was a Harlan Fiske Stone Scholar, and served as an articles editor of the Columbia Law Review and a submissions editor of the Columbia Journal of Gender and Law. She received her B.A. (magna cum laude) from Cornell University.

Subject Areas

Comparative Corporate Law, Corporate Governance, Mergers And Acquisitions, Transactional Law

Courses Taught

  • Business Associations
  • Startups and Venture Capital
  • Mergers And Acquisitions
  • Corporate Governance
  • Antitrust

Selected Career Highlights

  • Martin Luther King, Jr. Hall Research Scholar 2009-present
  • Distinguished Teaching Award Nominee 2009, 2012, 2013, 2016
  • 2014 Visiting Scholar in Residence in Business and Corporate Law, The Institute of Delaware Corporate and Business Law of Widener Law Delaware and the Delaware Counsel Group, Wilmington, Delaware
  • "Transforming the Allocation of Deal Risk Through Reverse Termination Fees" selected by the Corporate Practice Commentator as one of the Top 10 Corporate and Securities Articles of 2011
  • Selected by the Center for Law, Economics & Finance (C-LEAF) at George Washington University for Second Annual Junior Faculty Business and Financial Law Workshop in 2012
  • Corporate Associate, Davis Polk & Wardwell 2000-2007
  • Law Clerk to the Honorable Rosemary Barkett, Eleventh Circuit Court of Appeals 1999-2000

Selected Publications

Enhanced Scrutiny on the Buy-Side, 53 Georgia L. Rev. ___ (forthcoming 2019) (co-authored with J. Travis Laster)

Deal Structure and Minority Shareholders, Comparative Takeover Regulation: Global and Asian Perspectives (eds. Umakanth Varottil and Wan Wai Yee) (Cambridge University Press 2018), (https://ssrn.com/abstract=2877419)

Corporate Social Responsibility and the Corporate Board: Assessing the Indian Experiment, Globalisation of Corporate Social Responsibility and its Impacts on Corporate Governance (ed. Jean J. du Plessis) (Springer International 2018)

Reevaluating Shareholder Voting Rights in M&A Transactions, 70 Oklahoma L. Rev. 127 (2017) (invited symposium article), (https://ssrn.com/abstract=3049362)

Redefining Corporate Purpose: An International Perspective, 40 Seattle U. L. Rev. 465 (2017) (invited symposium article), (https://ssrn.com/abstract=2877453)

The Role of the Nomination Committee in Board Independence and Composition in Indian Companies, The Conference Board Director Notes No. DC-V1N2 (March 2017) (co-authored with Manali Paranjpe)

Regulation of Related Party Transactions in India, The Conference Board Director Notes No. DC-V1N1 (November 2016) (co-authored with Manali Paranjpe)

Legal Transplants in the Law of the Deal: M&A Agreements in India, Research Handbook on Mergers and Acquisitions (eds. Claire Hill and Steven Davidoff Solomon) (Edward Elgar Publishing Ltd. 2016), (https://ssrn.com/abstract=2686718)

Handbook on Corporate Governance in India: Legal Standards and Board Practices (The Conference Board 2016)

The One Woman Director Mandate: History and Trajectory, Corporate Governance in India: Change and Continuity (ed. Asish K. Bhattacharyya) (Oxford University Press 2016), (https://ssrn.com/abstract=2686991)

Risk Management and the Board of Directors in Indian Firms, National Stock Exchange of India Quarterly Briefing No. 14 (July 2016), (invited peer reviewed publication) (https://www.nseindia.com/research/content/res_NSE_CECG.htm)

The Advent of the LLP in India, Research Handbook on Partnerships, LLCs and Alternative Forms of Business Organizations (eds. Robert W. Hillman and Mark J. Lowenstein) (Edward Elgar Publishing Ltd. 2015), (https://ssrn.com/abstract=2534502)

Corporate Governance and The Indian Private Equity Model, 27(1) National Law School of India Review 18 (2015) (invited article), (http://ssrn.com/abstract=2736447)

Foreword: Value Creation by Business Lawyers in the 21st Century, 15 U.C. Davis Bus. L.J. 1 (2015)

Corporate Social Responsibility in India, The Conference Board Director Notes No. DN-V6N14 (August 2014) (co-authored with Shruti Rana), (http://ssrn.com/abstract=2517601)

The Emergence of New Corporate Social Responsibility Regimes in China and India, 14 U.C. Davis Bus. L.J. 175 (2014) (co-authored with Shruti Rana) (invited symposium article) (http://ssrn.com/abstract=2472146)

The Indian Private Equity Model, National Stock Exchange of India Limited, NSE Working Paper WP/8/2013 (July 2013) (http://www.nseindia.com/research/content/nse_working_papers.htm)

Law and the Evolution of Outbound Acquisitions by Indian Companies, National Stock Exchange of India Limited (May 2012) (edited transcript) (http://www.nseindia.com/research/content/res_panel.htm)

The Evolving Role of Independent Directors, National Stock Exchange of India Limited (May 2012) (edited transcript) (http://www.nseindia.com/research/content/res_panel.htm)

A Shareholders’ Put Option: Counteracting the Acquirer Overpayment Problem, 96 Minnesota L. Rev. 1018 (2012) (http://ssrn.com/abstract=2084356)

  • Selected by the Center for Law, Economics & Finance (C-LEAF) for Second Annual Junior Faculty Business and Financial Law Workshop
  • Excerpted in Therese H. Maynard, Mergers and Acquisitions (3d ed. 2013)

Directors as Trustees of the Nation? India’s Corporate Governance and Corporate Social Responsibility Reform Efforts¸ 34 Seattle U. L. Rev. 996 (2011) (invited symposium article) (http://ssrn.com/abstract=1856195)

Outbound Mergers and Acquisitions by Indian Firms, The Conference Board Director Notes No. DN-V3N10 (2011) (http://ssrn.com/abstract=1856222)

Rising Multinationals: Law and the Evolution of Outbound Acquisitions by Indian Companies, 44 U.C. Davis L. Rev. 1029 (2011) (invited symposium article) (http://ssrn.com/abstract=1678741)

The Promise and Challenges of India’s Corporate Governance Reforms, 1 Indian J. of L. & Econ. 33 (2010) (invited inaugural issue) (http://ssrn.com/abstract=1640249)

A Brief Overview of Corporate Governance Reforms in India, The Conference Board Director Notes No. DN-020 (December 2010) (http://ssrn.com/abstract=1729422)

Transforming the Allocation of Deal Risk Through Reverse Termination Fees, 63 Vanderbilt L. Rev. 1161 (2010) (http://ssrn.com/abstract=1568951)

  • selected by the Corporate Practice Commentator as one of the Top 10 Corporate and Securities Articles of 2011
  • Excerpted in Therese H. Maynard, Mergers and Acquisitions (3d ed. 2013)

Integrating the Financial Crisis in the Business Associations Course: Benefits and Pitfalls, 5 J. Bus. & Tech. L. 5 (2010) (invited conference essay) (http://ssrn.com/abstract=1568929)

Corporate Governance Convergence: Lessons from the Indian Experience, 29 Northwestern J. Int'l L. & Bus. 335 (2009) (http://ssrn.com/abstract=1413859)

  • Excerpted in Ventoruzzo et al, Comparative Corporate Law (West Academic 2015)

Incorporating “Business” in Business Law Classes, 8 U.C. Davis Bus. L.J. 1 (2007) (invited essay) (http://ssrn.com/abstract=1413887)

Note, Empowering Ourselves: The Role of Women’s NGOs in the Enforcement of the Women’s Convention, 99 Colum. L. Rev. 129 (1999) (http://ssrn.com/abstract=1413882)

Service Activities

Association of American Law Schools (AALS)

  • Chair (2018), Executive Committee (2012-2018), Section on Law and South Asian Studies
  • Executive Committee, Section on Business Associations (2017-2020)
  • Executive Committee (2016-2017), Chair (2015-2016), Chair-Elect (2014-2015), Treasurer & Newsletter Editor (2011-2013), Section on Transactional Law and Skills

American Society of Comparative Law (ASCL)

  • Executive Committee (2016-2018); Director (2009-Present)
  • Board of Directors, Younger Comparativists Committee (YCC) (2014-2016)

The Conference Board, Inc.

  • Chair, Advisory Board, The Directors’ Collective (2016-Present)
  • Consultant for The India Project (2010-Present)

Editorial Board, Asian Journal of Law and Society (Cambridge University Press) (2016-Present)

Co-Organizer of the Bay Area Corporate/Transactional Law Summer Workshop (with Abraham Cable) (2014-Present)

Co-Organizer of the Transactional Law Workshop (with D. Gordon Smith), a virtual workshop focusing on transactional law scholarship (January 2012 – May 2014)

Affiliated Faculty, Middle East/South Asia Studies Program, UC Davis 2007-Present

Projects

The Conference Board, Inc. - Consultant for The India Project