Law of international finance
- Course Code:
- Unit value:
- Taught in:
- Full Year
Governments and major commercial businesses require finance for the running and developing of their economies and businesses. While corporations may access finance through the issue of equity, which represents approximately 15 per cent of the total funds raised annually, debt funding in the form of loans and debt securities represents the remaining balance of the annual total funds raised. The international financial markets provision of funds meets a major requirement of both states and commerce in the running and development of economies and commercial business. Debt finance is complimentary to corporate finance that deals with equity financing.
The course is designed to examine the legal aspects of raising finance in the London based international financial and capital markets. The course considers the major transactions for raising debt finance through loans and debt securities and the use of derivatives that occurs in the international markets and examines their structure and the legal issues that arise. Although based on English law, the impact of the regulatory law of other jurisdictions will be considered where relevant to wholesale transactions.
Objectives and learning outcomes of the course
The course provides students with a sound knowledge of;
- the structure and legal principles relevant to international financial transactions;
- the specialist application of those principles to specific wholesale commercial financial transactions;
- an understanding of the market practices applicable to these wholesale transactions.
Method of assessment
- Unseen written examination: 100%
- Law & Regulation of International Finance Ravi Tennekoon,
- International Loans, Bonds and Securities Regulation Philip Wood
- Law and Practice of International Finance, Banking Law Vol 2 J Walmsley and Graham Penn
- Law relating to International Finance Graham Roberts
- Principles of Banking Law Ross Cranston
- Banking & Capital Markets Companion Colin Paul and Gerald Montagu