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Department of Financial and Management Studies (DeFiMS)

Legal aspects of international finance

Course Code:
15PFMC060
Unit value:
0.5
Taught in:
Term 2

The main objectives of this module are to provide grounding in the legal issues of the core international financial transactions and to provide an understanding of the legal practice issues of the core international financial transactions. The module will teach the fundamental legal concepts in these core international financial transactions.

Objectives and learning outcomes of the course

On successful completion of the course, you will be able to:

  • Describe the domestic and international sources of international financial law, the main legal aspects of international bank lending and securities offerings and the practices and customs of lawyers and regulators in key international financial centres such as London and New York;
  • Demonstrate and apply your understanding of the practices and documentation relating to international financings in a wide range of working environments such as regulatory authorities, law firms, financial institutions, central banks and accounting firms;
  • Compare and analyze the various financial techniques and legal practices involved in the raising of capital and the financing of new businesses or investment in key international financial centres;
  • Plan and formulate your further study of international finance, either from a legal or business standpoint
  • Evaluate your ability to structure and analyze complex legal questions relating to international finance and estimate confidently the additional resources you may need in order to apply your knowledge in a business environment.

Method of assessment

Assessment for this course is by one tutorial presentation at 10%; an essay of 4,000 words at 30%; an unseen written examination at 60% of the total grade; all elements except the presentation may be resubmitted.

Suggested reading

Readings
  • Colin Paul and Gerald Montagu, Banking and Capital Markets Companion, (Oxford University Press, Oxford, 2nd ed, 2001)
Other textbooks are:
  • Ravi Tennekoon; The Law and Regulation of International Finance, (Butterworths, London, 1994)
  • Philip Wood; International Loans, Bonds and Securities Regulation (Sweet & Maxwell, London 1995)
  • Jan H Dalhuisen; Dalhuisen on International Commercial, Finance and Trade Law (Hart Publishing, Oxford 2000)
  • GA Penn; AM Shea; and A Arora; The Law and Practice of International Banking, (Sweet & Maxwell, London 1987)
Reference books:
  • Joanna Benjamin; Interests in Securities (Oxford University Press, 2000)
  • Joanna Benjamin; Law of Global Custody (Butterworths, London, 1996)
  • Kathleen Tyson-Quah; Cross-Border Securities, Repo, Lending and Collateralisation (FT Law & Tax, London, 1997)
  • L Collins (ed); Dicey and Morris on the Conflict of Laws (13th ed, Sweet & Maxwell, 2000)
  • JJ Norton and RM Auerback (eds); International Finance in the 1990s (Blackwell Finance, 1993)
  • Richard Plender and Michael Wilderspin; The European Contracts Convention (Sweet & Maxwell, London, 2001)
  • Graham D Vinter; Project Finance (Sweet & Maxwell, London, 1995)
  • Phillip R Wood; Project Finance, Subordinated Debt and State Loans (Sweet & Maxwell, London, 1995)