Undergraduate - UnitLAW4219E - The law of financial transactions

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

Synopsis

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

Outcomes

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

Examination (2 hours plus 30 minutes reading and noting time), 90%, and preparation and participation in one workshop, 10%.

Chief examiner(s)

Mr Rowan Russell

Prerequisites

LAW2100 OR LAW2101 and LAW2102