International Financial Transactions (LAWS70125)

The purpose of this subject is to give students an 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 the legal issues that are relevant to them. 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 will include:

• The regulation of international finance
• Syndicated lending
• Techniques of loan sales: novation, assignment and participation
• Financing options: bank financing versus capital markets financing
• Debt capital markets: including asset securitisation and covered bonds
• Derivatives, including credit derivatives
• Private equity and fund management