Resources Joint Ventures
Subject LAWS70210 (2014)
Note: This is an archived Handbook entry from 2014.
Credit Points: | 12.50 |
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Level: | 7 (Graduate/Postgraduate) |
Dates & Locations: | This subject is not offered in 2014. |
Time Commitment: | Contact Hours: The total class time is between 24 and 26 hours. Total Time Commitment: Not available |
Prerequisites: | None |
Corequisites: | None |
Recommended Background Knowledge: |
Applicants without legal qualifications should note that subjects are offered in the discipline of law at an advanced graduate level. While every effort will be made to meet the needs of students trained in other fields, concessions will not be made in the general level of instruction or assessment. Most subjects assume the knowledge usually acquired in a degree in law (LLB, JD or equivalent). Applicants should note that admission to some subjects in the Melbourne Law Masters will be dependent upon the individual applicant’s educational background and professional experience. |
Non Allowed Subjects: | None |
Core Participation Requirements: |
The Melbourne Law Masters welcomes applications from students with disabilities. The inherent academic requirements for study in the Melbourne Law Masters are:
Students who feel their disability will inhibit them from meeting these inherent academic requirements are encouraged to contact the Disability Liaison Unit: www.services.unimelb.edu.au/disability/ |
Contact
For more information, contact the Melbourne Law Masters office.
Email: law-masters@unimelb.edu.au
Phone: +61 3 8344 6190
Website: www.law.unimelb.edu.au/masters
Subject Overview: |
The exploitation of mineral and petroleum resources involves substantial risk. The resources joint venture provides a commercial opportunity to manage this risk. It is a particular legal relationship: an association of persons (natural or corporate) to engage in a common undertaking to generate a product to be shared among the participants. Management of the undertaking is divided: the participants determine some matters by agreement at the outset of the relationship; the power to determine other matters is vested in a committee on which the participants are represented and entitled to vote; a manager (or operator) is appointed by the participants to conduct agreed activities, on their behalf, within the scope of the common undertaking (exploration, development production). This subject examines the legal issues involved in this complex relationship, together with ancillary transactions (such as farmouts). In doing so, it considers the capacity of the common law to respond to commercial imperatives. It also evaluates the effectiveness of legal documentation employed in establishing the joint venture relationship. The lecturer, a former Dean of Melbourne Law School, has published extensively in the fields of energy and resources law and served as President for the Australian Mineral and Petroleum Law Association. Principal topics will include:
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Learning Outcomes: |
A student who has successfully completed this subject should:
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Assessment: | 10,000 word research paper (100%) (21 May) on a 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. Details regarding any prescribed texts will be provided prior to the commencement of the subject. |
Breadth Options: | This subject is not available as a breadth subject. |
Fees Information: | Subject EFTSL, Level, Discipline & Census Date |
Links to further information: | www.law.unimelb.edu.au/subject/LAWS70210/2014 |
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