Summer 2009 Course Schedule

Comp Secrd Trns: Access to Credit & Economic Development (LAW-986-001)
Shahid-Saless

Meets: 06:30 PM - 09:15 PM (W) - Room 100

Enrolled: 10 / Limit: 15

Administrator Access


Notices

There are no notices at this time.

Description

May 26-July23

This course will benefit students interested in learning, among other things, about:

  • 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 challenges of access to credit and their role in the current global financial crisis.

By first providing a background to international concepts of secured transactions, this course will discuss some of the challenges confronting today's global economy. The generally accepted theories of increased access to credit leading to economic growth will be explored and questioned. Some of the over-arching questions discussed throughout the course include:

  • Are we too much of a credit-based society?
  • Did the excess access to credit contribute to the financial problems?
  • How much access to credit is desirable?
  • What role can the legal framework play in ensuring this desirable level is kept and that the limit is not surpassed?
  • What limitations should be put in place?

The course will describe the main elements and goals of an efficient secured transactions law, and will provide an overview of international secured transactions model laws and guides. Among other topics, issues covered include a 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 crisis and the credit crunch; and the role of international financial institutions in promoting secured transactions legal reforms.

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.