International Commercial Banking Law

Subject 732-715 (2009)

Note: This is an archived Handbook entry from 2009. Search for this in the current handbook

Credit Points:
Level: Graduate/Postgraduate
Dates & Locations: For information about these dates, click here.
Time Commitment: Contact Hours: 24 - 26 contact hours per subject.
Total Time Commitment: The time commitment for this subject depends on the candidates background and experience.
Prerequisites: N.A.
Corequisites: N.A.
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements: N.A.
Subject Overview:

Objectives:

A student who has successfully completed this subject should have an understanding of payment and financing of international sales, the movement of funds and securities in the global economy as well as of banking in the electronic age, and be able to draft in and work and advise on sophisticated banking cases and transactions as well as on policies and legislative reform in the area.


Syllabus:

This subject will cover selected aspects of the law that governs international commercial banking, with a particular emphasis on payment aspects, trade-finance issues and settlement systems.

Principal topics will include:

  • An introduction to the international sales of goods
  • International aspects of the law of negotiable instruments
  • Letters of credit, particularly (but not only) as they are used in the financing and payment of international sales
  • International payment systems:
    • Foreign currency bank deposits
    • Global wire transfers
    • International remittances
    • Global aspects of retail payment systems (payment cards and electronic money)
  • Wire transfer law, particularly common law, UCC Article 4A/UNCITRAL Model Law and European Union payment services directive
  • Securities transfer and settlement, particularly by reference to book-based securities (primarily under UCC Article 8 and similar legislation).
Assessment:
  • Examination 3 hours (100%) (18 September, pm)

    or
     
  • Research paper 10,000 words (100%) (5 November) (topic approved by the subject coordinator)
Prescribed Texts: Core subject materials will be provided free of charge to all students. Some subjects require further texts to be purchased. Please visit the subject homepage on the Melbourne Law Masters website by following the link at the bottom of this subject entry.
Breadth Options:

This subject is not available as a breadth subject.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills: Please see the Subject Objectives for this information.
Links to further information: 732-715International Commercial Banking LawMelbourne Law Masters, postgraduate law, post-graduate law, graduate law2009P

Objectives:

A student who has successfully completed this subject should have an understanding of payment and financing of international sales, the movement of funds and securities in the global economy as well as of banking in the electronic age, and be able to draft in and work and advise on sophisticated banking cases and transactions as well as on policies and legislative reform in the area.


Syllabus:

This subject will cover selected aspects of the law that governs international commercial banking, with a particular emphasis on payment aspects, trade-finance issues and settlement systems.

Principal topics will include:

  • An introduction to the international sales of goods
  • International aspects of the law of negotiable instruments
  • Letters of credit, particularly (but not only) as they are used in the financing and payment of international sales
  • International payment systems:
    • Foreign currency bank deposits
    • Global wire transfers
    • International remittances
    • Global aspects of retail payment systems (payment cards and electronic money)
  • Wire transfer law, particularly common law, UCC Article 4A/UNCITRAL Model Law and European Union payment services directive
  • Securities transfer and settlement, particularly by reference to book-based securities (primarily under UCC Article 8 and similar legislation).
  • Examination 3 hours (100%) (18 September, pm)

    or
     
  • Research paper 10,000 words (100%) (5 November) (topic approved by the subject coordinator)
N.A. N.A.24 - 26 contact hours per subject.Core subject materials will be provided free of charge to all students. Some subjects require further texts to be purchased. Please visit the subject homepage on the Melbourne Law Masters website by following the link at the bottom of this subject entry.Please see the Subject Objectives for this information.The time commitment for this subject depends on the candidates background and experience.N.A.Please see the subject homepage on the Melbourne Law Masters website for up to date timetable information.LawLawYNNNParkvillePARKVILLEFor the latest information on this subject, please visit: http://www.masters.law.unimelb.edu.au/subject/732715732-7152

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