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This subject is a basic 'how-to' on international business transactions and is essential for those wishing to practise international trade law. The subject intentionally covers a vast array of related topics, with the focus being on the legal issues faced by practising lawyers in the field. Particular emphasis is placed on issues such as trade terms, international sales of goods, documentary credits, carriage of goods, customs and border regulations. This subject also considers several issues relating to international trade, such as intellectual property rights, licensing, franchising and governmental measures regulating investment. Such coverage ensures students are exposed to the most important and frequent issues facing the practising trade lawyer.
Principal topics may include:
- Basic trade contracts and common trade terms
- Choice of law and choice of jurisdiction in international trade contracts
- The Vienna Convention on International Sale of Goods
- Payment systems, including documentary credits and collections
- Customs law, including classification and valuation of the goods
- Import and export restraints
- Regulatory issues and red tape
- Intellectual property rights, including parallel importation of goods
- Foreign direct investment.
Intended learning outcomes
A student who has successfully completed this subject will:
- Have an advanced understanding of how basic international trade transactions are structured and work in practice
- Be able to critically examine, analyse, interpret and assess trade terms and the text of treaties, legislation and contractual documents
- Understand and be able to engage with contemporary and controversial issues relating to international business law
- Have an advanced understanding of the relevant regulatory regimes governing basic international trade and investment transactions
- Have an understanding and appreciation for how trade transactions are financed and how risk is transferred
- Have the cognitive and technical skills to generate critical and creative ideas relating international business law, and to critically evaluate existing case law, principles and concept
- Have the cognitive and technical skills to independently examine, research and analyse complex legal issues relating to various aspects of an international business transaction
- Have the communication skills to clearly articulate and convey complex information regarding various aspects of an international business transaction to relevant specialist and non-specialist audiences.
Last updated: 11 February 2021