International banking law 700
Not offered in 1995
One 2-hour seminar weekly over 13 weeks
This subject studies the role of banks in financing current transactions and in international payments. To provide a proper foundation, the subject covers two introductory topics: (1) bills of exchange and promissory notes and their role in current transactions and financing; (2) an analysis of documents of title and their role in financing current transactions. The first part of the subject then covers in detail documentary collections, commercial letters of credit, standby letters of credit and similar instruments such as first demand guarantees and performance bonds. The second part of the subject covers basic payments law and international funds transfer mechanisms. Related topics such as Mareva injunctions and international conflicts of law will also be discussed. If time permits, factoring, confirming house financing and export credit guarantees may also be covered.
Assessment
Written research assignment (5000 words): 50% * Terminal examination (3 hours): 40% * Class presentations and participation: 10%