Thursday, April 18, 2019

Dhruv Chand Aggarwal ’20 Wins Business Law Writing Award

Dhruv Chand Aggarwal ’20 has won the top prize in the 2018-2019 Mendes Hershman Student Writing Contest, the legal writing competition of the American Bar Association’s Business Law Section.

Aggarwal, a joint degree student in the J.D.-Ph.D. in Finance program at Yale Law School and the Yale School of Management, won the award for his paper “Federalism, Indemnification, and the Soul of American Corporate Law.” The paper is about the conflict between Securities and Exchange Commission policy and state corporate laws concerning corporations indemnifying their directors and officers for legal expenses. In the paper, Aggarwal argues that state corporate law and private contracting represent a more efficient and dynamic approach to the problem of directors and officers liability insurance and indemnification than the one-size-fits-all policy adopted by the SEC. Aggarwal wrote the paper as a supervised research project with Sterling Professor of Law Roberta Romano, who directs the Yale Law School Center for the Study of Corporate Law.

The award includes a $1,000 cash prize, as well as the publication of an abstract of the winning paper in The Business Lawyer, the business law section’s peer-reviewed journal. Submissions to the contest were judged on research and analysis, choice of topic, writing style, originality and contribution to the literature available on the subject.