units

LAW5415

Faculty of Law

18 September 2017 25 November 2024

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This unit entry is for students who completed this unit in 2016 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate - Unit

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

Faculty

Law

Quota applies

Postgraduate programs are based on a model of small group teaching and therefore class sizes need to be restricted.

Offered

Not offered in 2016

Synopsis

This unit examines the law and practice of debt capital markets transactions. The course focuses on Australian law but also deals with English law as well as EU law and US law aspects as they are relevant to Australian issuers accessing the international capital markets.
The course examines how debt capital markets work. There is an in depth analysis of the structure, the documents and the regulation of each of: Australian domestic capital markets; Australian issuers accessing the Euro markets; and Australian issuers accessing the US markets.
There will also be a discussion of various other markets which are able to be accessed by Australian issuers.

Outcomes

On completion of this unit students will be able to:

  • Apply knowledge and understanding of how the Australian and key international debt capital markets operate and how Australian issuers can access these markets with creativity and initiative to new situations in professional practice;
  • Investigate, analyse and synthesise complex information, problems, concepts and theories in relation to the historical development of these markets and their importance;
  • Conduct research into the documentary process for debt capital markets transactions and the differences between the Australian and other international debt capital markets based on knowledge of appropriate research principle and methods; and
  • Use cognitive, technical and creative skills to generate and evaluate at an abstract level complex ideas and concepts relevant to the key tax considerations in accessing the Australian domestic debt capital markets and have an overall understanding of how the USA attempts to regulate bearer bank issues which may come into the United States.

Assessment

Class participation (preparation and participation in discussion at one session: 10% (awarded for satisfactory participation); one research assignment (3,375 words): 45%; one take-home examination (3,375 words): 45%.

Workload requirements

24 contact hours per teaching period (either intensive, semi-intensive or semester long, depending on the Faculty resources, timetabling and requirements).

This unit applies to the following area(s) of study

Commercial law

Prerequisites

LAW5349 or its equivalent