LLM Programme

The taught modules offered on the LLM programme vary from year to year. Please check the full list of taught modules list for details of modules running in specific academic years. We make every effort to ensure that every module will be offered, but modules are subject to change and cancellation. You are therefore advised to check this site regularly for further updates throughout the year preceding entry to the LLM programme.

Credit value: 30 credits (12 ECTS)
Module Convenor: Professor Hiroshi Oda Other Teachers: N/A


This module covers the business and commercial aspects of Russian law. The topics covered in the module include foreign investment regulations, contract law, company law, natural resources law, and law on dispute settlement (primarily international commercial arbitration).

The module is intended to give students a broad knowledge of law needed for foreign investment and other transactions in Russia. Despite its European origin, Russian law has some unique characteristics, including the occasional appearance of selective application of law. The module focuses on how Russian law operates in reality.


  • Introduction – An Overview of the Russian Legal System and its Historical Background – from Law-Governed State to “Vertical Integration”
  • The Court System – the Role of Judicial Precedents - are Russian courts reliable?
  • The Civil Code – the Cornerstone of Russian Private Law (a Unified Civil/Commercial Code) – its history and structure
  • Basic Rules of Commercial Transactions – “juristic acts” and good faith doctrine
  • Law of Obligations – conclusion of contracts, non-performance and inappropriate performance
  • Means of Securing Obligations
  • Privatisation of state enterprises = state control over key industries
  • Commercial organisations – public companies and non-public companies
  • Basic rules of company law – some exceptions to limited liability?
  • The System of Corporate Governance
  • Interested party transactions, directors’ liability
  • Bankruptcy Law
  • Foreign Investment Law and the Law on the Procedure of Investing in Strategic Companies
  • Natural Resources Law – Oil and Gas Projects in Russia
  • International Commercial Arbitration – Enforcement of Foreign Arbitral Award

Background Reading (optional):

Russian Commercial Law, 2nd edition, Kluwer International, 2007

Module reading lists and other module materials will be provided via online module pages, once students have made their module selections upon enrolment in September.

Delivery and enrolment
Lectures/Seminars: 20 x 2-hour seminars
Tutorials: None
Previous module enrolments: Small – less than 15 students
Who may enrol: LLM students, other UCL Masters students
Prerequisities: None
Barred module combinations: None
Core Module for LLM specialism: Comparative Law, International Commercial Law
Final Assessment: 3-hour unseen written examination
Practice Assessment: Mock examination

This page was last updated on 28 July, 2014


The application process for the 2015-16 academic session is now open.

Please note, for the 2015-16 intake, we are not accepting the TOEFL test. If you have an English condition to meet, you must take one of the alternative tests listed here instead.