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The purpose of this subject is to give students an advanced and integrated understanding of the legal issues that arise in international financial transactions. This is achieved by looking at the principal transactions, analysing the ways in which they are structured and implemented, and identifying relevant legal issues. This subject provides students with an insight into cross-border transactions and the role of international finance lawyers. It is therefore of particular interest to lawyers practising or seeking to practise law in this area and also to lawyers and bankers in commercial and investment banks.
Principal topics include:
- The regulation of international finance
- Financing options: bank financing versus capital markets financing
- Debt capital markets
- Syndicated lending
- Techniques of loan sales: novation, assignment and participation
- Legal issues, including insolvency, security, the use of trusts, contractual rights and governing law
- Islamic finance
- Transactions: derivatives, asset securitisation and project finance.
Intended learning outcomes
A student who has successfully completed this subject will:
- Have an advanced and integrated understanding of how the principal transactions of international finance are structured and implemented
- Be able to critically examine, analyse, interpret and assess the common legal issues that arise in such transactions and how those issues are resolved
- Have a sophisticated appreciation of the impact of cross-border issues on financial transactions and the cognitive and technical skills to independently examine, research and analyse such cross-border issues
- Have the communication skills to clearly articulate and convey complex information regarding the legal issues applicable to international financial transactions.
Last updated: 2 December 2019