LAW5415 - Domestic and international debt capital markets - 2017

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.

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.

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%.

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

Commercial law

LAW5349 or its equivalent