
Associate Professor of Law
Phone: (410) 706-7375
Fax: (410) 706-2184
E-mail:
Office: 452
BA, 1988, University of Chicago
MBA, 1997, University of Pennsylvania
JD, 1991, George Washington University
Professor Rhee’s legal experience includes positions as a law clerk on the U.S. Court of Appeals for the Third Circuit, and a trial attorney in the Honors Program of the U.S. Department of Justice. He also has significant investment banking experience. He was a vice president in financial institutions investment banking at Fox-Pitt, Kelton (a unit of Swiss Re) in New York, and an M&A investment banker at UBS Warburg in London. He has worked on public and private M&A assignments, private equity funding, and debt and equity issuances. His scholarly interests include risk-focused economic analyses of legal and social problems. The subjects of study have included torts, insurance, corporations, bargaining and procedure. His articles have been published or accepted for publication in the New York University Law Review, Northwestern University Law Review, William & Mary Law Review, Emory Law Journal, Journal of Corporation Law, George Mason Law Review, University of Colorado Law Review, Florida Law Review, Arizona State Law Journal, International Journal of Evidence & Proof, Virginia Environmental Law Journal, Journal of Business & Technology Law, and St. John's Law Review. Professor Rhee has also authored several book chapters, including a substantial chapter on federal terrorism reinsurance in Appleman on Insurance 2d. His work is frequently cited. In addition to citations in traditional law reviews and academic books, his articles have been cited by the U.S. President’s Working Group on Financial Markets (a joint report of Treasury, Federal Reserve, SEC and CFTC), RAND Corporation, American Law Institute’s Restatement (Third) of Torts, several law school casebooks, and appellate judicial opinions including the opinions of the Indiana and Tennessee Supreme Courts. He was born in Seoul, Korea, and immigrated to the United States in 1972.
A Production Theory of Pure Economic Loss, 104 Northwestern University Law Review (forthcoming 2010). [Full Text]
Bonding Limited Liability, 51 William & Mary Law Review (forthcoming 2010).
The Madoff Scandal, Market Regulatory Failure, and the Business Education of Lawyers, 35 Journal of Corporation Law (forthcoming 2010).
Nationalization of Board Governance and Corporate Purpose during Crisis, 17 George Mason Law Review (forthcoming 2010).
Participation and Disintermediation in a Risk Society, in Law and Recovery From Disaster: Hurricane Katrina 103 (Robin Paul Malloy ed., 2009).
Towards Procedural Optionality: Private Ordering of Public Adjudication, 84 New York University Law Review (forthcoming 2009). [Full Text]
Corporate Ethics, Agency, and the Theory of the Firm, 3 Journal of Business and Technology Law 309 (2008). [Full Text]
Insurance for Acts of Terrorism, in 32 Appleman on Insurance 2d 363 (2008). [Full Text]
Tort Arbitrage, 60 Florida Law Review 125 (2008). [Full Text]
Probability, Policy and the Problem of Reference Class, 11 International Journal of Evidence & Proof 286 (2007). [Full Text]
The Socratic Method and the Mathematical Heuristic of George Polya, 81 St. John's Law Review 881 (2007). [Full Text]
The Effect of Risk on Legal Valuation, 78 University of Colorado Law Review 193 (2007). [Full Text]
A Price Theory of Legal Bargaining: An Inquiry into the Selection of Settlement and Litigation under Uncertainty, 56 Emory Law Journal 619 (2006). [Full Text]
Catastrophic Risks and Governance after Hurricane Katrina: A Postscript to Terrorism Risk in a Post-9/11 Economy, 38 Arizona State Law Journal 581 (2006). [Full Text]
Terrorism Risk in a Post-9/11 Economy: The Convergence of Capital Markets, Insurance and Government Action, 37 Arizona State Law Journal 435 (2005). [Full Text]
A Principled Solution for Negligent Infliction of Emotional Distress Claims, 36 Arizona State Law Journal 805 (2004). [Full Text]
The Application of Finance Theory to Increased Risk Harm in Toxic Tort Litigation, 23 Virginia Environmental Law Journal 111 (2004). [Full Text]