1.1 Course details
||LLAW6127 / JDOC6127
||Current Issues in Financial Law
|Programme offered under:
||LLM Programme / JD Programme
||June (2-3 evening classes per week)
||Law of International Finance 1; plus one or more of Law of International Finance 2, International Securities Law, Securities Regulation 1, Securities Regulation 2, Banking Law or Credit and Security Law
|Credit point value:
||9 credits / 6 credits
|Cap on student numbers:
||20 [priority to LLM(CFL) and LLM(CR) students]
1.2 Course description
Current Issues in Financial Law is an advanced ‘capstone’ course for postgraduate students nearing the completion of their degree programmes, who will have completed Law of International Finance 1, and at least one of Banking Law, Credit and Security Law, International Securities Law, Law of International Finance 2, Securities Regulation 1 or 2.
The course covers current and contentious topics in financial, banking and securities law, and post–crisis reforms in regulation dealing with financial stability, malpractice and codes of business or product conduct. It will examine these and other issues according to events and developments at the time of the course, both locally and at international level.
The course uses a seminar format to stimulate interaction and make the discussions relevant to participants’ academic and professional interests. Issues to be examined include judicial shocks and risks for commercial parties; recent OTC derivatives cases and the choice of arbitration in contract disputes; Hong Kong’s prospects as an international financial centre; recent cases and current concerns in insolvency law; benchmark reform and financial misconduct; and aspects of gender diversity in financial law.
1.3 Course teachers
||Mon–Fri afternoons by appointment
2.1 Course Learning Outcomes (CLOs) for this course
CLO 1 Students will be expected to apply their insight from topics studied in completed courses in the LLM programmes in Corporate & Financial Law and Compliance & Regulation to current and potential problems in financial or securities markets.
2.2 LLM Programme Learning Outcomes (PLOs)
PLO A On successful completion of the curriculum, students should be able to demonstrate a solid understanding of the body of legal knowledge and the capacity to conduct research on, critically analyse and evaluate legal principles, at a level required to meet the standards and expectations of the legal profession and the community at large.
PLO B On successful completion of the curriculum, students should be able to apply their legal knowledge and research skills to practical situations or theoretical challenges, and utilise their comparative understanding of the law and its political, social and cultural contexts to provide original and creative insights to legal problems.
PLO C On successful completion of the curriculum, students should be able to apply the knowledge, lawyering skills and legal reasoning to real and novel situations in life, with a view to resolving issues, problems and disputes within the legal parameters.
PLO D On successful completion of the curriculum, students should be able to demonstrate the ability to present effectively legal arguments in the professional context, as well as conveying and explaining the law effectively to lay clients and members of the larger community.
PLO E On successful completion of the curriculum, students should be able to appreciate the underlying moral values of the law and ethics in the profession and the legal system in the broad social, economic, political and cultural contexts: justice, the Rule of Law, and protection of rights and liberties which form the fabrics of a civilised society, and the importance of upholding these values by the legal community.
PLO F On successful completion of the curriculum, students should be able to develop a strong awareness of social issues and conditions, and utilise analytical abilities and rhetorical advocacy to provide leadership for the betterment of the human community.
2.3 Programme Learning Outcomes to be achieved in this course
3.1 Assessment Summary
||Course learning outcomes
||Final classes of the course
|Take home exam
||Deadline 30 days after the course end
| *Feedback method (to be determined by course teacher)
||A general course report to be disseminated through Moodle
||Individual feedback to be disseminated by email / through Moodle
||Individual review meeting upon appointment
||Group review meeting
||In-class verbal feedback
3.2 Assessment Detail
To be advised by course convenor(s).
3.3 Grading Criteria
Please refer to the following link: http://www.law.hku.hk/course/grading-criteria/
4.1 Learning Activity Plan
||11 three-hour seminars in an intensive mode in the June semester
|Private study time:
||9.5 hours / week for 12 teaching weeks
Remarks: the normative student study load per credit unit is 25 ± 5 hours (ie. 150 ± 30 hours for a 6-credit course), which includes all learning activities and experiences within and outside of classroom, and any assessment task and examinations and associated preparations.
4.2 Details of Learning Activities
Seminars scheduled at 6.30pm, with either 2 or 3 sessions each week throughout June
||Reading materials will be posted continually on Moodle
|Core reading list:
- Liu, Lejot & Arner, 'Finance in Asia: Institutions, Regulation & Policy', Routledge, 2013.
- Arner, Hsu, Goo, Johnstone & Lejot, 'Financial Markets in Hong Kong: Law & Practice', 2e, Oxford, 2016.
- J. Dalhuisen, 'Transnational Comparative Commercial, Financial & Trade Law', Vol 3 (Hart), 7e 2019.
|Recommended reading list:
||To be posted prior to Class 1
Please refer to the following link: http://www.law.hku.hk/course/learning-resources/