International Sales and Finance LAW5047
- Academic Session: 2022-23
- School: School of Law
- Credits: 20
- Level: Level 5 (SCQF level 11)
- Typically Offered: Semester 2
- Available to Visiting Students: No
- Available to Erasmus Students: No
The aim of this course is to enable students to develop a deep and critical understanding of the law relating to international sales transactions and associated financing techniques. The main focus will be on the applicable substantive law in the area of international sales.
10 x 2-hour seminars
Requirements of Entry
The course is open to all LLM students subject to the requirements of the LLM programme on which a student is enrolled.
The course is assessed by an essay of 1500 words (25%) and a 2 hour final examination (75%).
Main Assessment In: April/May
The aims of the course are to:
■ introduce students to the main legal issues in international sales and financing;
■ provide students with a clear understanding of the sources and hierarchy of applicable laws and the rules for determining the applicable laws;
■ examine the contractual and documentary structure of the international sale transaction and its associated financing;
■ consider, in particular, the role of the UN Convention on Contracts for the International Sale of Goods (CISG) 1980;
■ consider the remedies open to contracting parties in international sales transactions.
Intended Learning Outcomes of Course
By the end of the course, students should:
■ be in a position to identify and analyse the principal legal issues surrounding international sales transactions;
■ have a sound understanding of how to apply relevant legal rules to international sales;
■ to advise on a wide range of contractual and documentary issues relating to international sales;
■ understand and critically analyse soft law principles applicable to international sales contracts;
■ understand and critically analyse Community Sales Law and its impact on both domestic and international sales transactions;
■ understand the UN Convention on Contracts for the International Sale of Goods (CISG) 1980 in terms of its scope, techniques and relationship with national legal systems;
■ understand the rules governing allocation of jurisdiction and choice of law in disputes arising from international sales transactions;
■ be capable of applying the knowledge and skills referred to above in order to identify and appreciate the relative merits of remedies available to parties to international sales transaction.
Minimum Requirement for Award of Credits
Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.