UCL FACULTY OF LAWS

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.


INTERNATIONAL AND COMPARATIVE SECURED TRANSACTIONS (LAWSG101)
Credit value: 30 credits (12 ECTS)
Module Convenor:
Professor Robert Chambers
Other Teachers:
Professor Richard Calnan
Professor Ben McFarlane
Content

Summary:

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.

Syllabus:

  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
Assessment
Final Assessment: 6,000-word coursework essay
Practice Assessment: TBC

This page was last updated on 24 July, 2014

APPLICATION NOTICES

The application process for the 2014-15 academic session, for entry in September 2014, is now closed.

Information regarding applications for September 2015 will be updated on the website in September 2014.

IMPORTANT NOTICE : Updated 28 May 2014

The Home Office issued an update about the acceptance of ETS tests (including TOEFL). They have now confirmed that Higher Education students applying for a Tier 4 visa may use a TOEFL test taken after 17 April, if a Higher Education Institution is willing to use its academic discretion. For those students entering in September 2014, UCL will continue to accept the TOEFL even if it was taken after 17 April. However, if an applicant still needs to book a test then we recommend that they take an alternative test to TOEFL. Those who have already arranged to take a different test following the previous advice from the Home Office, we encourage you to go ahead with taking the alternative test.

The TOEFL test will continue to be accepted for 2014 entrants who have been asked to take an English language qualification as part of their offer condition, and do not need to apply for a visa to study in the UK.