Patrick Bolton, professor of business at Columbia University; Mitu Gulati, professor of law at the University of Virginia; and Ugo Panizza, professor of international economics at the Graduate Institute Geneva, join the Business Scholarship Podcast to discuss their article Legal Air Cover. In the article, the authors consider the impact of the COVID-19 pandemic on emerging-market sovereign debt, the risk of concurrent sovereign-debt crises, and potential interventions for managing that scenario.