LAWS7974 International Trade Finance Law
This course deals with the regulation applied to the financing of international trade. Trillions of dollars of goods and services are traded annually and the course examines the contractual and legal obligations involved in financing these transactions, in addition to major pitfalls and recent developments.
Participants will consider a range of legal issues arising from the financing of international trade, including legal and commercial strategies developed to minimise risk, the relevant financial instruments, the role of banks and financial institutions, payment systems, and international regimes.
Although the course includes a brief refresher on common law contract, students are expected to have prior understanding of the Australian legal system and the law of contracts.
Topics covered include:
- financing of international trade; the role of banks and financial institutions
- utilisation of financial instruments and international payments
- bills of exchange; promissory notes; bills of lading; commercial and standby letters of credit
- independent and demand guarantees; performance bonds
- jurisdictional issues
- UCP and eUCP
- ISP98; ISBP; URDG
- United Nations Convention on Standby Letters of Credit & Independent Guarantees
- URR and URC; UCC Article 5
- Chinese Rules on letter of credit
Dr Davidson is a solicitor and barrister of the Supreme Court of New South Wales and of the High Court of Australia, and a senior lecturer at the TC Beirne School of Law. Since 2011 Dr Davidson has been a delegate at UNCITRAL in New York and Vienna, Working Group IV (Electronic Commerce) drafting laws, and is a member of the UNCITRAL Working Group’s Expert Panel. He is a founding director of UNCCA (the UNCITRAL National Co-ordination Committee Australia). He is a regular speaker at international conferences on banking and finance law.
Dr Davidson’s publications include the books Social Media and Electronic Commerce Law, The Law of Electronic Commerce, The Internet for Lawyers and The Internet for Accountants. He is a Fellow of the Institute of International Banking Law and Practice, a member of its Asia Advisory Council and a member of the Council of International Standby Practices.
This course may also be taken as a CPD course or a non-award course.