units

LAW4219E

Faculty of Law

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Monash University Handbook 2011 Undergraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

LevelUndergraduate
FacultyFaculty of Law
OfferedNot offered in 2011

Synopsis

Topics include: security (nature of security, negative pledge, subordination); fixed and floating charges; everyday issues and common pitfalls in finance law; guarantees; insolvency issues; loans and debt finance; syndicated financing; project financing; aircraft financing; domestic and international capital markets; securitisation; derivatives, netting and set-off; and tax considerations.

Objectives

Upon completing this unit, students should:

  • be familiar with the basic principles of the law and the practice of corporate finance;
  • be familiar with legal and commercial aspects of various forms of debt finance, including secured and unsecured transactions and other forms of raising debt:
  • understand the concept of the 'capital markets' particularly debt capital markets as a means of raising funds by Australian issuers in both the Australian domestic market and in the international capital market; and
  • be able to analyse international financial transactions in the context of market practice having regard to the legal, contractual, regulatory and taxation regime in Australia, the Euro markets and, to a limited extent, the US market.

Assessment

Open-book examination (2 hours plus 30 minutes reading and noting time), 70%, and preparation and participation in the assigned seminar together with submission of a short paper, 30%.

Prerequisites

LAW2100 OR LAW2101 and LAW2102