Course title

Law and Finance (A)Teacher(s)CARPENTER Keith

Numbering Code

Day・Period

Tues5

開講区分

単位数

1st semester

1.0

Timetable Slot
Code

1J402

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 of
the 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 the principal forms in which international finance is conducted and a moredetailed understanding of the two most important formsiii. understand the most important legal issues affecting participants in international financeiv. understand how risk is mitigatedv. understand some of the principal differences in the approach to international financial issues by different
legal systems
Syllabus and plan
There will be a total of 7 (105 minute) or 8 (90 minute) lectures. The following gives an indication of the likely
schedule of topics:
Lecture 1 Introduction: key features of international finance, legal aspects of money and how it is transferredaround the world
Lecture 2: principles of insolvency and the insolvency “ladder”
Lecture 3: syndicated loans / case study
Lecture 4: bond issues / case study
Lecture 5: trade finance and overview of principal forms of other international finance transactions
Lecture 6: how to reduce and manage risk, personal and property rights (set-off / netting, credit support, securityinterests)
Lecture 7: governing law & interpretation of contracts, jurisdiction
Lecture 8: flexible (probably above seven topics will take up all eight lectures)
The instructor has around 20 years of experience of international finance working for major international law firms
and an investment bank.
Evaluation method
Students will be assessed as follows:
25% performance in class
75% written report
Evaluation baseline
25% performance in class: students will be required to do some small scale research of specific topics, typicallyfinding out how a specific issue is dealt with in the legal system of their home country, and reporting back toclass, which will be done verbally (if student number is small) or in the form of a short note (if student number
is large). Level of understanding, inquisitiveness and participation shown in classroom discussions will also betaken into account.
75% 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 the concepts introduced during the course and to apply them to specificsituations. There will be some flexibility on the choice of topic to take into account what research resources areavailable.

Notice (include info. on related class)
Exchange students can attend this course. They will need a reasonably high level of English ability.
Students may find it easier to bring their laptop for some of the classes so that case study materials can bereviewed on screen instead of a paper copy.
Review and preparation
Students will be required to research specific topics in relation to specific issues introduced during a class in
preparation for some classes and to read materials (including a syndicated loan agreement and a bond issueprospectus) in advance for other classes
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
English and New York law dominate the area of international finance.
this is the case, this course will show you.

If you are interested to know why and howImprovemenets 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 on BEEF and / or email.
Law and Practice of International Finance (University Edition) / Philip Wood : Thomson Reuters (Professional) UK
Limited trading as Sweet & Maxwell ,2008 ,ISBN:978-1-847-03255-3
Reference Material
Principles of International Financial Law by Colin Bamford (2015 2nd Edition)
Law and Practice of International Finance Volumes 1-7 by Philip Wood (2007 1st 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 (2014 3rd Edition / 2016 4th Edition)
Classroom Language
EnglishKeywords