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 Robert Chambers
Other Teachers:
Professor Richard Calnan
Professor Ben McFarlane


The availability of security is one of the key elements in the provision of finance to companies. This module considers how security is granted by companies and the legal and practical issues which are involved in doing so.

The taking of security is an aspect of the law of property, and the module will therefore consider some of the key principles underlying the creation of property rights, particularly equitable interests. And because security is generally tested when the debtor is insolvent, it considers the way in which insolvency law affects secured transactions, particularly their enforcement.

The module concentrates on English law, but will draw on the experience of the class of other legal systems to discuss topics in a comparative way. The module will also consider the conflict of laws issues which arise in cross-border financing transactions.


  1. Introduction
  2. Pledges
  3. Mortgages and Charges
  4. Floating Charges
  5. Security over Particular Assets
  6. Creation of Security
  7. Registration
  8. Quasi-security
  9. Guarantees
  10. Priorities
  11. Enforcement
  12. Effect of Insolvency
  13. Set-off
  14. Cross-border Security
  15. Cross-border Insolvency
  16. Comparisons with Other Systems
  17. Reform

Background Reading (optional):

The main text is Richard Calnan, Taking Security (3rd edition Jordans 2013). The module syllabus follows the contents of this book fairly closely.

Other texts which students may wish to consult are:

  • Hugh Beale, Michael Bridge, Louise Gullifer, and Eva Lomnicka, The Law of Security and Title-Based Financing (2nd edition OUP 2012)
  • Louise Gullifer (ed), Goode on Legal Problems of Credit and Security (5th edition Sweet & Maxwell 2013)
  • Timothy Parson, Lingard’s Bank Security Documents (5th edition LexisNexis 2011)

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 two-hour seminars
Tutorials: None
Previous module enrolments: Small - less than 15 students
Who may enrol: LLM students
Prerequisities: None
Barred module combinations: None
Core Module for LLM specialism: International Commercial Law
Final Assessment: 6,000-word coursework essay
Practice Assessment: TBC

This page was last updated on 24 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.