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This subject examines the legal issues and practical challenges that arise in relation to cross-border transactions in Asia Pacific. Students will work through a series of cross-border transactions, which will be used as a point of reference throughout the subject. In this way, students will develop an advanced and integrated understanding of the nature of cross-border transactions (involving parties and assets in different jurisdictions) and also the legal issues that are relevant to each stage of a complex transaction. These issues will include the following:
- The different legal and regulatory systems in the selected jurisdictions;
- The impact of applicable law (in a contractual context and otherwise), including the impact of different areas of law such as contract, property, company, finance, and insolvency law;
- Dispute resolution and the different options in a cross-border transaction;
- The role of lawyers and the skills they require in a cross-border transaction (these include advisory skills, drafting skills, cross-cultural communication skills, negotiation skills and transaction management skills); and
- The importance of legal due diligence in relation to counterparties and assets.
Intended learning outcomes
A student who has successfully completed this subject should have an advanced understanding of, and be able to critically analyse:
- The structure and operation of selected legal systems in Asia Pacific;
- Fundamental aspects of the practice of commercial law from the perspective of a cross-border transaction and the importance of understanding the different models and approaches;
- Practical commercial dispute resolution and contract management;
- The interaction and different dynamics between policy, legal systems and commercial laws in Asia Pacific;
- The role of commercial lawyers and the importance of developing a commercial awareness so that lawyers can function effectively as legal advisors in a cross-border context;
- The challenges facing lawyers practising in a foreign jurisdiction;
- The utility and limitations of comparative analyses of laws; and
- Practical case studies relating to business and investment in Asia Pacific.
A student who has successfully completed this subject should also be able to:
- Communicate their analysis in appropriate scholarly and professional formats.
- Apply this understanding and analytical capacity to new situations and contexts; and
On completion of the subject students should have developed and demonstrated expert skills, including:
- Cognitive skills to demonstrate mastery of theoretical knowledge and to apply that knowledge (including core legal principles and concepts studied in compulsory JD subjects) in the context of a complex cross-border transaction in Asia Pacific;
- Cognitive, technical and creative skills to investigate, analyse and synthesise complex information, problems and concepts in a cross-jurisdictional context and from a comparative law perspective;
- Cognitive, technical and creative skills to generate and evaluate complex ideas and concepts in relation to cross-border transactions in Asia Pacific at an abstract level, and the ability to translate those abstract ideas and concepts to practical problems, demonstrated in classroom discussion and in the interim assessment task;
- Technical skills to design, evaluate and analyse complex legal structures and issues, as well as communication skills to advise legal and non-legal audiences on such structures and issues; and
- Technical skills in relation to advising clients, negotiating transactions and drafting legal documentation in the context of a cross-border transaction in Asia Pacific.
Last updated: 11 February 2021