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Energy Resources in Emerging Markets (LAWS90020)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Year of offer2019
Subject levelGraduate coursework
Subject codeLAWS90020
Availability(Quotas apply)
FeesSubject EFTSL, Level, Discipline & Census Date

This subject explores the legal and regulatory structures affecting foreign investors seeking to participate in the development of energy resources in so-called ‘emerging markets’, and in particular in the restructuring of formerly socialist economies. Russia will be used as an example of an emerging market presenting particular characteristics and problems that provide important insights into emerging markets elsewhere in the world.

The subject coordinator has conducted research on ‘emerging markets’ over many years, and has extensive practical experience as an adviser in these matters. His work is widely published in numerous books and journal articles.

Principal topics include:

  • Corruption and money laundering
  • Liability for human rights abuses
  • Forms of foreign investment and commercial transactions
  • Local accreditation
  • Taxation
  • The privatisation process
  • Intellectual property protection
  • Import-export regulations
  • Currency controls
  • Project and conventional financing
  • Banking
  • Development and regulation of capital markets
  • Securities and commodities exchanges
  • Financing
  • Environmental protection.

There will be daily simulated negotiation exercises.

Intended learning outcomes

A student who has successfully completed this subject will:

  • Have an advanced and integrated understanding of the legal and regulatory structures affecting foreign investment in the development of energy resources in ‘emerging economies’ generally, and Russia in particular
  • Be able to critically examine, analyse, interpret and assess the effectiveness of these legal and regulatory structures
  • Be an engaged participant in debate regarding emerging and contemporary issues relating to these legal and regulatory structures
  • Have a sophisticated appreciation of the factors and processes driving the evolution of these legal and regulatory structures
  • Have an advanced understanding of the risks involved in investment in the development of energy resources in ‘emerging economies’ and the effectiveness of various legal and regulatory structures in managing these risks
  • Have the cognitive and technical skills to generate critical and creative ideas relating to management of these risks
  • Have the cognitive and technical skills to independently examine, research and analyse existing and emerging legal issues relating to foreign investment in energy resources in ‘emerging markets’
  • Have the communication skills to clearly articulate and convey complex information regarding foreign investment in energy resource in ‘emerging markets’
  • Be able demonstrate autonomy, expert judgment and responsibility as a practitioner and learner in relation to these matters.

Eligibility and requirements


Melbourne Law Masters Students: None

JD Students: Successful completion of the below subject:

Code Name Teaching period Credit Points
LAWS50035 Corporations Law
Semester 2



Non-allowed subjects


Recommended background knowledge

Applicants without legal qualifications should note that subjects are offered in the discipline of law at an advanced graduate level. While every effort will be made to meet the needs of students trained in other fields, concessions will not be made in the general level of instruction or assessment. Most subjects assume the knowledge usually acquired in a degree in law (LLB, JD or equivalent). Applicants should note that admission to some subjects in the Melbourne Law Masters will be dependent upon the individual applicant’s educational background and professional experience.

Core participation requirements

The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.

Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home


Additional details

  • Class participation (10%)
  • Take-home examination (5,000 - 6,000 words) (90%) (14 - 17 June)

A minimum of 75% attendance is a hurdle requirement.

Quotas apply to this subject

Dates & times

  • April
    Mode of deliveryOn Campus — Parkville
    Contact hours24-34 hours
    Total time commitment150 hours
    Pre teaching start date 1 April 2019
    Pre teaching requirementsThe pre-teaching period commences four weeks before the subject commencement date. From this time, students are expected to access and review the Reading Guide that will be available from the LMS subject page and the subject materials provided by the subject coordinator, which will be available from Melbourne Law School. Refer to the Reading Guide for confirmation of which resources need to be read and what other preparation is required before the teaching period commences.
    Teaching period29 April 2019 to 3 May 2019
    Last self-enrol date 5 April 2019
    Census date29 April 2019
    Last date to withdraw without fail24 May 2019
    Assessment period ends17 June 2019

    April contact information


    Professor Paul Stephan, Coordinator

    Email: law-masters@unimelb.edu.au
    Phone: +61 3 8344 6190
    Website: law.unimelb.edu.au

Additional delivery details

This subject has a quota of 30 students.

Enrolment is on a first come, first served basis. Waitlists are maintained for subjects that are fully subscribed.

Students should note priority of places in subjects will be given as follows:

  • To currently enrolled Graduate Diploma and Masters students with a satisfactory record in their degree
  • To other students enrolling on a single subject basis, eg Community Access Program (CAP) students, cross-institutional study and cross-faculty study.

Please refer to the Melbourne Law Masters website for further information about the management of subject quotas and waitlists.


Further information

  • Texts

    Prescribed texts

    Specialist materials will be made available free of charge from the Melbourne Law School prior to the pre-teaching period.

  • Available through the Community Access Program

    About the Community Access Program (CAP)

    This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.

    Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.

    Additional information for this subject

    If required, please contact law-admissions@unimelb.edu.au for subject coordinator approval.

  • Available to Study Abroad and/or Study Exchange Students

    This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.

Last updated: 20 July 2019