Course title

Law and Practice of International Finance

Responsible person
CARPENTER Keith
to enter grades
Numbering Code

Day・Period, etc. Fri2(対面)

開講区分

単位数

2nd semester

2.0

Timetable Slot
Code3J387

Lesson topic“Money is the lifeblood of an economy”. This course will be an introduction to legal theory and practice ofinternational finance. It will introduce the principles of what international finance is and what forms it takes,
looking at the subject from the perspectives of substantive law and real world practice. It will highlight some ofthe key legal issues arising in international financial transactions including some comparison of how different
legal jurisdictions deal with them.
Lesson target
By the end of the course students should:
i. understand the legal nature of money and how it is transferred around the world
ii. have a general understanding of some of the principal forms in which international finance is conducted and amore detailed understanding of the two most important forms.
iii. understand the most important legal issues affecting participants in international finance including
insolvency and mitigation of risk
iv. understand some of the principal differences in the approach to international financial issues by different
legal systems and the reasons for the popularity of English and New York law.

Syllabus and plan
The lectures are expected to be conducted with students attending in the classroom. In the event that the infectionlevels of the covid virus deteriorate and classes are required to be given online, details will be provided on
BEEF+. Depending on the circumstances, possible changes may be required.
There will be a total of 15 lectures. The following gives an approximate schedule of topics:
Lecture 1-3 Introduction: key features of international finance, legal aspects of money and how it is transferredaround the world
Lecture 4-5: Principles of insolvency and the insolvency “ladder”
Lecture 6-7: Syndicated loans / case study
Lecture 8-9: Bond issues / case study
Lecture 10: Derivatives and overview of other international finance transactions
Lecture 11: Depending on timing and availability, students may be taken on a field trip (during the morning) to theOsaka Securities Exchange building to learn more about the history and development of derivatives markets.
Lecture 12-13: How to reduce and manage risk, personal and property rights (set-off / netting, credit support,security interests)
Lecture 14-15: Governing law & interpretation of contracts, jurisdiction
The schedule may be varied according to speed of understanding and interest shown in covering the various topics.
Depending on the rate of progress and interests of participating students, the topic of "regulation" may beintroduced in addition to or in substitution for part of any of the above scheduled topics.
The course instructor has over 20 years of experience in working in international finance and related matters.

Evaluation method
Students will be assessed as follows:
15% performance in class
35% mini-tests
10% mini-report
40% written report

Evaluation baseline
15% performance in class: level of preparation, understanding, inquisitiveness and participation shown in classroom
discussions will be taken into account.
35% mini-tests: at the beginning of some classes a short quiz will be conducted to check understanding andretention of concepts and detail introduced in the previous class.
10% mini-report: students will be asked to do a short comparison exercise.
40% end of semester written report: a written report of 1,500-2,000 words will be required at the end of the course
in which students will need to show understanding of concepts introduced during the course and to apply them tospecific contexts. There will be some flexibility on the choice of topic to take into account what researchresources are available.
Notice (include info. on related class)
Exchange students can attend this course.

Review and preparation
Students will be required to do significant amounts of review and preparation work outside the classroom: see"Evaluation Baseline" above.
Kobe University requires 45 hours of study from students to award one credit, including both in-class instructions
as well as study outside classes.
Students are required to prepare for each class and complete the review after each class, depending on therespective class goals.

Office hour・Contact information
Contact can be made by email to:keith@people.kobe-u.ac.jp
There will also be opportunity to ask questions at the beginning or end of classes

Message for student
A reasonably advanced level of English ability is required to take this course successfully. If a student isunsure about her / his ability, it is recommended that s/he attends the first class and discusses with the course
instructor at the end.
Students must bring their laptop to every class.
Improvemenets in Teaching

Text
Students are recommended not to buy the textbook until they have attended the first lecture where textbook andreference materials will be explained. Other materials will be distributed online.
Law and Practice of International Finance (University Edition) / Philip Wood : Thomson Reuters (Professional) UK
Limited trading as Sweet & Maxwell ,2008 ,ISBN:9781847032553
Reference Material
Principles of International Financial Law by Colin Bamford (2020 3rd Edition)
Law and Practice of International Finance Volumes 1-9 by Philip Wood (2019 2nd Edition)
Maps of World Financial Law by Philip Wood (2008 6th Edition)
The Handbook of International Trade and Finance by Anders Grath (2016 4th Edition)

Classroom Language
English英語 English

Keywords
International financeLaptopExchange student (Special auditing student)
Term paper
A faculty member with professional experience