Comparative Secured Transactions (LAW-986-001)
CANCELLED
Meets:
Enrolled: / Limit:
Notices
There are no notices at this time.
Description
This course will benefit students interested in learning about, among other things, the secured transactions systems of other jurisdictions; the most important legal reforms and international initiatives going on in this area of law; the goals that efficient secured transactions laws aim to achieve; and the new challenges, questions and actors directly influencing this area of law.
Some of the issues covered include: Main elements and goals of an efficient secured transactions law; Overview of Model Secured Transactions Laws and Guides, including the Organization of American States, UNCITRAL, EBRD and OHADA; Comparison of various secured transactions systems including the English, American, and Islamic systems; Secured Transactions and its interactions with insolvency; New actors in the world of credit challenging secured creditors; Sub-prime and the credit crunch. Could too much access to credit be harmful? The role of international financial institutions in promoting secured transactions legal reforms.
Course requirements:
Students will be responsible for two major deliverables highlighted in weeks 9 and 14. The first assignment is a group exercise, which will result in a group presentation and a written report, aiming to explain particular secured transactions systems, which will be assigned, vis-à-vis internationally accepted best practices. Students will also be responsible for explaining the weaknesses of the law both based on the text of the law and its implementation. The paper will constitute 25% of the final grade, with the presentation constituting 20%.
The second deliverable is for week 14, and is a research paper on reform issues, where students are expected to research a secured transactions legal reform of their choosing and upon approval from the instructor. They will be required to explain the system as it functioned before the reform, as well as the features that the new law introduced. They will be asked to also research the challenges that the reform process faced both in order to get it passed and post-reform upon implementation. This paper will constitute 40% of the final grade.
Textbooks and Other Materials
The textbook information on this page was provided by the instructor. Students should use this information when considering purchases from the AU Campus Store or other vendors. Students may check to determine if books are currently available for purchase online.
First Class Readings
Not available at this time.