LAW4219E - The law of financial transactions

Offered

Prato Winter semester 2007 (Day)

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%.