ELLM: Modules

The Executive LLM programme offers a powerful combination of information and inspiration. The teaching has been superb and the calibre of the student body is excellent.

Executive LLM students can pick from a diverse list of modules, across a range of specialisms. Each teaching session will typically offer three or four modules, and students are free to choose which sessions they wish to attend and which modules to take.

See also Upcoming teaching sessions.

 

Arbitration / Dispute Resolution

Advanced Issues of International Commercial Arbitration

This module aims at giving students who already are acquainted with the fundamentals of arbitration the possibility to go into depth into selected problems of international commercial arbitration. The module is designed to allow intense discussions of these problems in order to raise the sensitivity for the issues at stake and to lead to a research oriented approach. Despite its academic outset, the module is highly relevant for those wanting to specialise in arbitration practice, as the theoretical problems have a most significant impact on practical solutions. The module will treat a selection of topical contemporary issues of international commercial arbitration, such as the role of internationally mandatory rules of law, arbitration & insolvency, the scope of the competence-competence principle; arbitration and fraud and corruption, or the enforcement of awards set aside abroad. The module seeks to be as topical as possible, so that content may change in the light of developments. Pre-requisite: Fundamentals of International Commercial Arbitration (LL415E) or equivalent course in previous studies or relevant practical experience with international arbitration.

Lecturer: Dr Jan Kleinheisterkamp

Module Code: LL416E

 

Dispute Resolution and Advanced Mediation

This course introduces students to a range of issues surrounding the dynamics of disputes, and to advanced models of negotiation and mediation which assist in their resolution. The course also interrogates how negotiation and mediation relate to adjudicative forms of dispute resolution (litigation and arbitration), including the current position of mediation in the English civil procedure system. Drawing on insights from academic disciplines including law, psychology, and economics, the course looks at varieties of contemporary dispute resolution across a range of conflict settings including commercial, community, and retail environments. An important feature of the course is the way in which it examines the interface between theory and practice.

The module adds value by moving beyond traditional content of superior court case law, to explore important aspects of law and legal institutions not fully covered on other courses. These include the dynamics of disputes and the progression of legal problems through resolution processes; legal negotiation and the role of settlement in civil justice; the “informal justice” movement, the rise of ADR and the “vanishing trial”; the benefits and costs of litigation for different types of disputants, and the public interest in private dispute resolution choices. A further ambition of the course is to introduce students to key (“most-cited”) texts in the legal scholarship canon, and sessions work with classic readings on dispute resolution, adjudication, and legal process. The module is designed to complement the ELLM offering on commercial arbitration.

Lecturer: Dr Joseph Spooner

Module Code: LL405E

 

Fundamentals of International Commercial Arbitration 

Arbitration — binding adjudication outside the courts deriving its authority from party consent — is a standard form of dispute resolution for international commercial disputes. Supporters of arbitration cite its neutrality, its confidentiality, its flexibility, the greater expertise of arbitrators, and the global enforceability of arbitral awards. To detractors, however, international arbitration is often expensive and slow; other critics contend, more fundamentally, that arbitration infringes the spheres appropriately occupied by national courts and national law. Regardless, the complex relationship between arbitrators and courts, especially when combined with transnational elements, raises a host of fascinating theoretical and practical problems. 

London is one of the world’s main centres for international commercial arbitration and, accordingly, this course focuses on English arbitration law. English law, however, is consistently placed in comparative perspective, especially with UNCITRAL’s Model Law and with the laws of some of London’s most significant competitors: France, Switzerland, Hong Kong, Singapore, and the United States. Coverage includes: 

  • Forms of international commercial arbitration 
  • Validity and interpretation of arbitration agreements  
  • Challenges to arbitral jurisdiction 
  • Appointment of arbitrators  
  • Arbitral procedure 
  • The role of courts in assisting arbitral proceedings  
  • Law applicable to the merits of the dispute 
  • Challenges to arbitral awards        
  • Recognition and enforcement of arbitral awards 
  • Public policy limitations on international commercial arbitration 

This course concentrates on arbitration resulting from agreements between private parties and may particularly appeal to students with interests in contracts and private international law.

Lecturer: Dr Paul MacMahon

Module Code: LL415E

Art and Heritage Law

Art Law 

This module engages in a discussion of specific cases and issues regarding acquisition, ownership, and restitution of works of art, and the problems that arise in regulating markets in art, antiquities and cultural artefacts. ‘Art Law’ is a specialized area of practice and an emerging area of theory and scholarship. We will look at some of the cases and theory of art and law, including the practices of dealers and auction houses in valuing (and mis-valuing) art for sale; the recent developments in addressing the restitution of art taken during the Nazi era; museum loans and the cross-border movement of art; the restoration and conservation debate(s) and then turn to a scholarly and interpretive approach to the issues that arise in considering the art market. We will look at domestic (UK and US) and international legislation regulating the art and antiquities trades. Against this legislative background, the module examines important cases in disputes regarding looting and provenance of art, and questions of commodification and sale of cultural artefacts, focusing on the issues that arise in the operation of the art market (dealers, museums, collectors and auction houses). Within this context, we will touch on the similar or overlapping issues that arise in the market(s) in cultural objects and antiquities and the legal and ethical burdens on the participants in this trade. We will discuss the practices and constraints that arise in the context of both private purchasers/dealers and museums acquiring these kinds of objects. Finally, practitioners in these areas, museum and auction house professionals, archaeologists, and art experts will be contributing to the seminars on the emerging legal issues in this area.

Lecturer: Dr Tatiana Flessas

Module Code: LL446E

 

Cultural Property and Heritage Law

This module looks at cultural property and heritage law from legal, social theoretical and practice-oriented perspectives. It provides an overview of existing and emerging cultural property and heritage legislation (domestic and international). We will be looking in particular at the development of cultural property legislation in the 20th century and emerging international cultural property and heritage initiatives under the auspices of the UN and UNESCO. Topics to be covered include the origins of cultural property law, the problems in defining cultural property and heritage, current issues and cases in repatriation and restitution of cultural objects, the National Trust and other heritage protection regimes, and intangible cultural heritage. The module also addresses the creation and management of museums and heritage sites, primarily within the UK, but also including sites in North and South America, Europe and Asia. We consider how the issues that we've identified throughout the module arise in the ongoing construction, protection, and (primarily economic) uses of heritage.

Lecturer: Dr Tatiana Flessas

Module Code: LL445E

Corporate / Commercial / Financial Law

Anglo-American Contract Law

International business parties can choose which legal system's rules will govern their contract disputes; taken together, English law and New York law dominate the market. Anglo-American Contract Law will acquaint students with the fundamental ideas of the common law of contracts. Students will also learn how these common-law ideas have developed differently in England and the United States. The module's main themes include: freedom of contract and its limits; the tension between documentary certainty and tacit understandings; the relevance of extracontractual notions of fairness; and the nature of the judicial role in contractual dispute resolution. We will explore these themes by working through both hypothetical and real cases. Though some historical understanding is crucial, the emphasis is on issues with contemporary practical importance. Additionally, we will focus on ideas peculiar to the common law of contracts and otherwise inaccessible to students from a civil law background. We will also pay special attention to areas where English and American law have diverged. Along the way, students will become familiar with the distinctive styles of legal reasoning on display in each country. 

Lecturer: Dr Paul MacMahon

Module Code: LL451E

 


 

Banking and Finance Law: Regulating Retail, Consumer and SME Markets

As the past fifteen years have transformed understandings of finance and the economy, they have highlighted the economic centrality of household finance. The Covid-19 and Cost-of-Living crises laid bare how households and the wider economy have come to depend on credit markets to make ends meet and maintain economic activity. Responsibility for both the Global Financial Crisis of the late 2000s and the subsequent Great Recession can be attributed to failures of household credit markets. Consumer expenditure accounts for over 50% of GDP in most OECD economies, meaning that the financial markets and products powering this spending are of central policy importance. Key contemporary problems of economic stagnation, inequality and political instability can all in some ways be linked to problems arising in consumer financial markets, which are increasingly important sites of legal and political activity. The economic significance of SME finance is similarly clear. Small and Medium Enterprises (SMEs) account for 99% of firms and approximately 70% of jobs in OECD countries, and questions of how these firms access finance raise perennial policy concerns. This is a particularly important time to review household and small business financial markets, given the rethinking of economic fundamentals in the aftermath of Covid-19 and the Cost-of-Living Crisis.

The significance and expansive reach of the consumer and SME dimensions of financial law are not matched by coverage in typical law school curricula – this course aims to address this imbalance by presenting a unique offering. The course begins by discussing key principles and theoretical ideas of retail financial market regulation. It considers the nature and structure of consumer and SME financial markets, examining the institutions and sources that create the ground rules of markets.  The course also asks of whom we are speaking when we talk of ‘consumers’ and ‘Small and Medium Enterprises’. The course then considers the various rationales justifying policy action in consumer and SME markets, and the various tools available to policymakers in responding to these ideas and designing market interventions.

The course applies these ideas in examining discrete consumer and SME financial product markets and related areas of law. It draws on a combination of international norms and examples from European, North American and English law. In addressing the regulation of financial contracts, it examines the bank-client relationship and fundamental assumptions regarding freedom of contract. The course considers business conduct under the common law and legislation, considering firms’ duties when negotiating, marketing, and advising in retail markets. Information disclosure regulations and ‘duties to warn’ are evaluated, before the course considers how the law requires firms to consider the affordability of loans under ‘responsible lending’ rules. Finally, the course turns its focus to financial distress and bankruptcy, considering principles for the treatment of household over-indebtedness and entrepreneurial failure in a financialised economy.

The course is academic in nature and will be of value to law students wishing to study aspects of banking and financial law that are not considered by courses focusing on business-to-business transactions. It is inter-disciplinary in nature, and so students from non-law backgrounds should also find the course accessible. The course is also designed to be valuable at a practical level to those working in legal and corporate practice advising financial services firms and/or their clients, as well as those based in government and the third sector. The course is international in scope, meaning that its content should be of interest to candidates from many jurisdictions.

Lecturer: Dr Joseph Spooner

Module Code: LL450E

 


 

Brands and Trademark Law

The Brands, Marketing and Trademark Law Executive LLM module focuses on a growing part of the modern economy: the protection and enforcement of intangible brand value. This course takes a socio-legal approach to branding, exploring legislation and case law concerning registered trademarks in the UK and EU, undertaking comparative analysis of US and International trademark law and drawing insights from marketing and anthropological literature. After an introduction to the historical bases and normative premises of modern trademark law, we explore the core elements of trademark jurisprudence. We also consider the wider notion of the ‘brand’ in the modern economy and examine how the law protects this value.

Topics covered include: an introduction to national, regional and international trademark registration systems; registration requirements, including absolute grounds and relative grounds of refusal; the scope of trademark rights; branding, marketing and the ownership of brand image in the context of the interaction between consumers and corporate brands; trademark infringement; confusion and dilution; and exceptions and defences.

Lecturer: Dr Luke McDonagh

Module Code: LL4CTE

 


 

Commercial Remedies

The objective of the module is to provide students with a detailed understanding of remedies in a commercial context. The reading addresses both case law and academic commentary. The module focuses on the principles that govern commercial remedies and the debates in the literature. It does not seek to improve the students' drafting skills. Here is an indicative list of the issues that will be considered on the module:

1. The aims of commercial remedies: What interests and other policies may be served by the law when remedying commercial disputes?

2. The function of contract damages: How do the courts assess damages for breaches of contract? Should the courts do more to protect the claimant’s interest in performance? What limits are placed on the recovery or measure of damages?

3. Punishment: Is punishment of a defaulting defendant ever a legitimate aim in commercial remedies? Should punitive damages be given a greater role in English commercial law?

4. Agreed remedies: To what extent are commercial parties free to fix the remedies available to them in the event of breach? Does freedom of contract extend to the parties’ secondary obligations?

5. Unjust enrichment: What is the law of unjust enrichment? What is its relationship to the law of contract? What can commercial parties recover under the law of unjust enrichment?

6. Comparative law: How do other jurisdictions deal with these questions? What might the common law learn from civil law systems?

Pre-requisite: Undergraduate contract and tort law.

Lecturer: Dr Andrew Summers; Professor Charlie Webb

Module Code: LL438E

 


 

Comparative Corporate Governance 

This module will focus on topical issues in corporate governance, including: corporate governance codes as a regulatory technique; corporate governance reform, firm performance and financial development; the role of the board of directors in large public companies and groups of companies; the division of powers between the managers and shareholders; directors’ duties and enforcement of duties; executive remuneration; stakeholder representation, in particular employee representation, in corporate decision-making; shareholder activism and corporate short-termism; the market for corporate control as a corporate governance device.

Lecturer: Professor Carsten Gerner-Beuerle, Professor David Kershaw, Edmund Schuster

Module Code: LL418E

 


 

Competition Law

The module is a comprehensive study of the main features of competition law. While the focus is on EU competition law, reference will be made to the laws of other jurisdictions (e.g. the United States and the UK) when these offer relevant points for comparison. The first part of the module examines the history and aims of competition law. It considers the role of economic analysis and its limitations in the light of non-economic considerations. The second part is a review of the major substantive fields: restrictive practices; the regulation of monopolies and dominant positions; distribution and cooperation agreements and merger control. The third part addresses the public and private enforcement of competition law.

Lecturer: Professor Pablo Ibanez-Colomo

Module Code: LL425E

 


 

Corporate Bankruptcy (formerly 'Insolvency Law: Company Liquidation and Stakeholder Interests')

This module is concerned with the principles and policies underlying the legal treatment of corporate bankruptcy. The impact of these procedures and approaches on third parties, for example corporate groups, secured and unsecured creditors, directors and employees, is also considered. Topics include: Setting aside transactions; The pari passu principle and preferential claims; Secured creditors and security devices; Quasi-security devices for the unsecured creditor; The problem of corporate groups; Company directors in troubled times; Employees in distress and EC and international recognition in corporate bankruptcy.

Lecturer: Sarah Paterson

Module Code: LL443E

 


 

Corporate Restructuring

(formerly Insolvency Law: Principles, Rescue and Reconstruction Processes)

This module is concerned with the principles and policies underlying the rescue of financially distressed companies and businesses. The module considers formal legal procedures available for dealing with companies and businesses in financial distress as well as informal approaches to rescue. Topics include: Chapter 11 as a Rescue Procedure. Corporate Rescue Procedures in the UK: Informal and Formal Procedures.  Recognition of Rescue Procedures: EC and International. The Theory and Philosophy of Rescue.

Lecturer: Sarah Paterson

Module Code: LL442E

 


 

Employment Law

Regulation of the content and the form of the employment relation. The contract of employment, including express and implied terms and the scope of employment law. Regulation of minimum wage and working time. Protection against discrimination in the workplace. Discipline and protection from dismissal and termination of employment. The approach involves theoretical perspectives, economic analysis, comparative law of employment, and examination of relevant European law.

Lecturer: Dr Astrid Sanders

Module Code: LL441E

 


 

European Capital Markets Law 

The module examines the EU's regulation of the capital markets. It considers the harmonized regulatory regime which applies to key capital market actors across the Member States and which supports the integrated market. The topics covered include: the rationale for integration and the role of law, the evolution of the integration project, and the impact of the financial crisis and subsequent reforms; the deregulation, liberalization, harmonization, and re-regulation mechanisms used to integrate and regulate the EU market and the role of the Court; market access and the passport for investment services; the Markets in Financial Instruments Directive 2014 (MiFID II) and the Markets in Financial Instruments Regulation 2014 (MiFIR) and regulation; the liberalization of order execution and the regulation of trading venues; the 'UCITS' mutual funds regime; retail investor protection and conduct regulation; the prospectus and disclosure regime; gatekeepers (credit rating agencies and investment analysts); and the institutional structure for law-making and for supervision, including the European System of Financial Supervision and the European Securities and Markets Authority.  Module coverage may vary slightly from year to year.

Lecturer: Professor Niamh Moloney

Module Code: LL400E

 


 

Innovation, Technology and Patent Law

This module critically examines UK and European patent law from different perspectives including the economic case for incentivising innovation, industry and technological-specificity of legal doctrine, international economic and political frameworks, institutional features, and legal developments in the domestic laws of other countries as well as at regional and international levels. Case studies from comparable jurisdictions such as US, India or Latin America will be used where appropriate. The module aims to deliver a sound grounding in legal principles while exploring unprecedented challenges raised by emerging technologies through appropriate case studies.

  • The economics of innovation and patenting/ Jurisprudential rationale for patents. Legislative overview – international and domestic.
  • Priority, Novelty and Inventiveness
  • Industrial Application, disclosure and Genomic Inventions
  • The rational for subject matter exclusions (Methods of medical treatment, diagnostic methods, computer programs, business methods, mental acts, discoveries, genetically modified animals, human embryonic stem cells)
  • Claim drafting, purposive construction and the doctrine of equivalents.
  • Direct/indirect infringement – international concerns
  • The research use exception and its application to post-genomics science
  • The TRIPS Agreement and the global pharmaceutical industry
  • The problem of patent enforcement
  • Patent offices and the property parameters of patents
  • Synthetic biology
  • The patenting of Human gene therapy

Lecturer: Dr Siva Thambisetty

Module Code: LL435E

 


 

International Commercial Contracts: General Principles 

The module treats what can be called the general part of transnational contract law, i.e. the general principles of law which are of relevance in any kind of international contract, be it sale, construction, shipping, financing, or joint venture. These general principles relate to contractual formation and negotiations, interpretation, transversal general principles, changed circumstances and hardship, agency, third parties, assignment, self-help and set-off, direct performance and damages and penalties. At present, such contracts are governed either by uniform rules of international conventions or by the national laws applicable by virtue of conflict of law rules. The module puts the existing national and international solutions in a comparative perspective so as to work with the sources of such generally accepted principles. Where there are divergences between existing solutions, the module focuses on the elaboration of new efficient solutions that are internationally acceptable and have the potential of becoming general principles in the future. For these purposes, special attention is given to the UNIDROIT Principles on International Commercial Contracts and the European Principles of Contract Law. Other national laws, however, are drawn upon from time to time. Students are also encouraged, in both examination and classes, to reflect upon the similarities and differences between their own national laws and the UNIDROIT Principles.

Pre-requisite: Firm knowledge of contract law and/or international sales law from previous studies.

Lecturer: Dr Jan Kleinheisterkamp

Module Code: LL417E

 


 

International Financial Law and Practice I & II 

As the recent debate on shadow banking shows, the traditional financial market sectors of commercial banking, investment banking, derivatives, capital markets and asset management are nowadays converging. However, their academic analysis is still largely sector-based. This module offers a cross-sectoral, functional analysis, permitting students to grasp the big picture of the entire financial market law. To this end, the module largely concentrates on the different activities of risk taking and risk shifting regardless of the type of financial institution involved.

The module is also a novelty as it integrates both spheres of rulemaking for the financial markets, notably financial law and some fundamentals of financial regulation. Experience shows that approaching the framework for financial law without at least considering the interdependencies with risk management and capital requirements leaves us with only a fragmented picture.

For non-practitioners, the market context of financial law appears sometimes confusing. Therefore, this module will first approach each subject from in a market perspective before coming to the legal framework. This short overview is essential with a view to understanding the permanent interaction between market behaviour and the legislators' and regulators' responses to it. The legal framework will be analysed taking into account international rules and developments as well as European legislation. Since the City of London is one of the globally most important financial markets, England will be used as anchor-jurisdiction in order to develop patterns of global significance that are addressed by legislators and regulators around the world, in particular also looking at the European Union and at international rulemaking.

The module also highlights certain anomalies in differing legal treatment of the respective sectors and considers key trends. It is designed to be as topical as possible, and the content may change in the light of developments. While the precise topics covered will vary from year to year they typically will include the following:

  • Logic and the players of the financial market. The creation and allocation of risk. The distinction between 'Law' and 'Regulation'.
  • The reasoning and sources of financial law and regulation. The role of European financial law and regulation. The role of international law.
  • Understanding the financial crisis.
  • Banks and their nature. Assets and Liabilities. Deposit taking and bank loans. Money market instruments. Rank of creditors in bank insolvencies.
  • Raising capital. Primary market and secondary market. Issuance of debt securities (bonds). Issuance of Eurobonds. Issuance of equity (shares).
  • Security interests and financial collateral.
  • Rehypothecation, repurchase agreements and securities lending. Relevant conflict-of-laws problems.
  • Guarantee, indemnity, insurance.
  • Derivatives. Types of derivatives. The rise of derivatives. Recharacterisation risk. Standard documentation (ISDA).
  • Netting and set-off. Relation to insolvency law. Importance for derivatives, repos, securities lending. Conflict-of-laws analysis. Cross-jurisdictional problems.
  • Trusts.
  • Fund structures (public and alternative).
  • Structured finance, securitisation and asset-backed securities. The rationale behind it. Risks.
  • Transfer of financial instruments. Stock exchanges. Trading and settlement of securities. Intermediated securities. Conflict of laws and cross-jurisdictional problems. Derivatives clearing.
  • Syndicated loans.
  • Regulatory arbitrage in respect of financial transactions.

International Financial Law and Practice II (LL411E) explores contemporary issues of the commercial law of international financial markets. These include

  • the future of English law as reference law for international finance after Brexit
  • financial markets and modern trends in conflict-of-laws
  • the legal characteristics of the various types of networks used in financial markets (central, decentral, distributed)
  • the disruption of law caused by ‘blockchain’ technology and FinTech
  • the legal challenges flowing from the increasing use of ‘big data’ and artificial intelligence in financial services
  • the future role of commercial law in managing risk
  • the nature of so-called smart contracts and their role in standard documentation, risk management and due diligence
  • legal issues associated with cryptocurrencies and crypto-money

As the module is conceived to be very topical, some of the module content may change.

Lecturer: Dr Philipp Paech

Module Codes: LL410E; LL411E

 


 

Law of Corporate Finance 

The module examines the private law rules governing how companies raise finance. The issues covered include e.g. capital structures, identifying and protecting shareholder rights, issuing shares, initial legal capital and alternatives, dividends, reduction of capital and share buy-backs, reform and moving to a solvency test and financial assistance. The module will focus on English Law and German Law and reference will be made to the relevant EU rules.

Lecturer: Dr Eva Micheler

Module Code: LL419E

 


 

Legal Aspects of Private Equity and Venture Capital

This course will equip students with a detailed understanding of the legal structures and issues arising in international private equity and venture capital.  It is founded on deep academic analysis of pertinent theoretical and legal issues.It will have a pan-EUfocus, but with comparative global perspectives. 

Session 1: Introduction to private equity and venture capital
This introductory session will include a critical discussion of the academic research suggesting that private equity outperforms other asset classes.

Session 2: Fund structures: the limited partnership and other international structures
This session  looks at the structures adopted, and the reasons why, with particular emphasis on the legal, tax and regulatory characteristics of limited partnerships.

Session 3:  Management vehicles and the UK LLP
This session will look at the objectives in structuring the management entity for the fund, with a particular emphasis on the legal and tax characteristics of LLPs, including the UK LLP Act and recent case law.

Session 4: Private equity fund (and manager) regulation
This session looks at UK and EU regulatory initiatives, and critically evaluates the provisions of the Alternative Investment Fund Managers Directive which affect private equity funds.

Session 5: Venture capital investments
Starting from a theoretical perspective, we will analyse the terms of a typical venture capital investment into a portfolio company by reference to example documents.  We will also examine various aspects of contract and company law which have particular relevance to VC structures.

Session 6: The VC deal
In this session the students will discuss the key points arising from a venture capital investment case study.We will focus on key points which have a legal as well as a commercial aspect, and connect these to the theoretical discussions in Session5.

Session 7: The leveraged buyout: corporate governance issues
This session will examine the structure of a buyout and how it differs from a VC investment.  We will focus on pertinent company law rules and academic corporate governance theory.

Session 8: Financing
This session will look at the leveraged finance model, advantages of leverage, the LMA Leveraged Loan Agreement, High Yield Bonds, the Inter-creditor Agreement and 'covenant-lite' and incurrance covenants.

Session 9: Distress
Discussions on the implications of distress for the PE firm, valuation, the new money decision, the role of the inter-creditor agreement and the PE firm as the loan-to-own investor.

Session10
In this session we will analyse a suite of leveraged loan deal documentation for a typical private equity buyout.  Students will be provided with a fact pattern and asked to apply the theory that they have studied in sessions 8 and 9 to the deal documentation.

Lecturers: Dr Simon Witney; Ms Sarah Paterson

Module Code: LL4CQE

 


 

Mergers, Acquisitions and Restructurings in Europe 

In this module, we will explore the regulation of mergers, acquisitions and restructurings in Europe. We will focus on legal techniques for the combination and restructuring of business operations in Europe, with a particular focus on the legal issues arising in cross-border transactions in the EU.

There are a number of reasons for corporations wanting to restructure their operations or to make acquisitions. For instance, firms may want to acquire a strategically valuable firm or asset in order to improve the efficiency (and thus increase the value) of their business operations; they may want to implement a better governance structure, enabling them to manage their undertaking more effectively; or they may want to subject themselves to more favourable legal or tax rules – including choosing among different national corporate laws.

EU law offers a range of legal vehicles for achieving such aims, and it is these vehicles we will explore throughout the term. In particular, we will look at re-incorporations of EU companies based on the relevant Treaty provisions; takeovers of (listed) EU companies; domestic (“statutory”) mergers; de-mergers and spin-offs; cross-border mergers in the EU; and the European Company.

Content overview:

  • The market for corporate control, corporate ownership structures and transaction structures for takeovers and restructurings in Europe
  • European takeover regulation
  • Domestic mergers
  • Divisions & spin-offs
  • Cross-border mergers
  • Employee participation (board-level co-determination) and board structures, and their relevance for corporate transactions
  • The European Company (SE)
  • Brief introduction to taxation of corporate transactions and tax-related drivers and incentives for intra-group reorganisation and company migration

Lecturer: Mr Edmund Schuster

Module Code: LL432E

 


 

Regulation: Strategies and Enforcement

The module examines key issues in regulation: when is regulatory intervention justified; what are the strengths and weaknesses of different regulatory approaches and those of alternatives to regulation; how do we make choices about the appropriate organisation, stringency and enforcement of regulation;  and how do regulatory regimes interact? The module uses examples from various regulatory domains, but its lessons apply across the board. The course offers a strong foundation for further study in specific regulation-intensive fields such as digital, environmental and financial regulation.

Topics include: What is regulation and when should we regulate?Command and control strategies and alternative approaches, including emissions trading, self-regulation and nudging. Understanding risk regulation. Enforcing Regulation. Ensuring Regulatory quality: regulatory impact analysis and alternatives. Regulatory competition. Transnational Regulation.

Lecturer: Professor Veerle Heyvaert

Module Code: LL434E

 


 

Regulation of Financial Markets I & II 

This course (Part I and Part II) examines the regulatory structures governing financial markets and investment services. It covers the main principles of international, EU and UK financial regulation, with the aim of developing a critical understanding of the dynamics and conceptual framework of financial regulation. The course does not aim to provide a detailed comparative account of financial regulation across countries, but international comparisons may be made where these are useful. In this context, students are encouraged to draw on their knowledge of their own national systems of regulation in making comparisons, and to apply the analytical perspectives suggested to those systems. The focus will be on the regulation of national and international aspects of financial services and markets, rather than on private law and transactional aspects. No previous knowledge of financial market regulation or background in economics is required for those wishing to follow this course. Indeed, the course provides a good background for further study of both financial and economic law and economic analysis of law. The course might be regarded as complimentary to a number of other courses, including Law of Corporate Finance or International Financial Law and Practice I & II.

The first part of this course will address the following topics:

  • Anatomy of the Financial Market and the Great Financial Crisis
  • Building Blocks of the Regulatory World
  • Rationales for its Regulation: Systemic Stability, Market Integrity, Principle-Agent Competition
  • Key Elements of Financial Regulation: disclosure, resilience, risk modelling and regulation inside firm
  • Global and EU Regulatory Structures
  • Financial Stability – Policy Issues, Principles and Global Standard Setters
  • Prudential Regulation of Banks – The Basel Accords
  • The EU Banking Union
  • Deposit Guarantees
  • Bank Resolution and Insolvency

The second part looks at a number of key issues in financial market regulation, with a particular focus on digitisation.  It will analyse the extended boundaries of regulation and supervision in relation to financial services, in light of modern changes to the provision of those services. Topics include:

  • Digital Financial Services and the Principles of Regulating Financial Markets
  • Regulating Technology?
  • Platforms and BigTech: Structural Change of the Financial Market as Test of Institutions and Activities-based Regulation
  • Ethical Questions of AI-based Financial Services
  • Regulating Crypto-Assets, Stable Coins and CBDC
  • Financial Regulation and Data Regulation
  • The use of RegTech and SupTech and Regulatory Incentives for Standardisation
  • Set up of Supervision and Regulation as Innovation Facilitator

Lecturer: Dr Philipp Paech

Module Code: LL406E; LL407E

 


 

State and Market in the EU 

Member States of the EU are not free to award subsidies to their national companies or to support them in a comparable way (by, inter alia, securing favourable supply conditions to the companies, granting loans at favourable rates or providing unlimited guarantees). In the wake of the recent financial crisis, for instance, bailout measures adopted across the EU had to be cleared by the European Commission in accordance with Articles 107 and 108 TFEU.

The first part of the module explores the economic rationale underpinning the control of State aid in the European Union (the reasons why similar regimes are not implemented at the national level in federal countries facing similar dilemmas, such as the United States, will also be explored). The second part examines (i) the notion of State aid within the meaning of Article 107(1) TFEU and (ii) the conditions under which measures falling under the scope of that provision may be deemed compatible with the internal market. The third part provides an overview of the application of the law in some sectors (including the financial and the communications sectors) or for some purposes (e.g. research and development, regional aid). Finally, the fourth part is devoted to the procedural aspects of the discipline.

Lecturer: Professor Pablo Ibanez-Colomo

Module Code: LL433E

 


 

Takeover Regulation in the UK and the US 

The module will look at the regulation of the bid process and at takeover defence regulation in the UK and the US. The module will look at: transaction structures; the function and effects of the market for corporate control; takeover process regulation; takeover defence regulation; deal protections; and regulating conflicts of interest in going private transactions.

Lecturer: Professor David Kershaw

Module Code: LL431E

 


 

Tax Avoidance

This module will provide a comprehensive overview of the phenomenon of tax avoidance and of the attempts by states to combat it: both unilaterally and multilaterally. Whilst using examples predominantly from the UK and USA the issues addressed by the module are general across many jurisdictions and so will be applicable to those with interests beyond the UK and USA.

Taxpayers have always sought to minimise their tax burden. However recent decades have witnessed a sharp rise in popular and governmental concern with tax shelters and other tax avoidance. Traditional strategies of tax avoidance have included postponement of taxes and tax arbitrage, in addition to attempting to exploit ‘loopholes’ through a formalist interpretation of legislation. In recent years the proliferation of complex financial instruments has increased the opportunities for such avoidance. Additionally, globalisation and the development of the digital economy have facilitated tax avoidance strategies of base erosion and profit shifting (BEPS). This rise in opportunities for tax avoidance has been accompanied by an increased public concern that individuals and companies pay their ‘fair share’ of taxation: which states have responded to both through unilateral and multilateral actions (including the OECD’s project on BEPS and the EU’s Anti Tax Avoidance Package).

Particular topics covered are likely to include (i) defining avoidance; (ii) strategies of tax avoidance; (iii) statutory interpretation and judicial approaches to tax avoidance especially with reference to the UK and USA; (iv) General Anti-Abuse and Anti-Avoidance Rules and Specific and Targeted Anti-Avoidance Rules; (v) reporting rules and other policies to deter avoidance; (vi) the OECD response to BEPS; (vii) BEPS and the EU; and (viii) corporate social responsibility, professional ethics and public attitudes with regard tax avoidance.

Lecturer: Dr Michael Blackwell

Module Code: LL4CPE

 


 

Taxation of Wealth

The module examines the taxation of wealth from a variety of academic perspectives, drawing on research from political theory, economics, sociology and law. Taxes on wealth are defined broadly to include taxes on transfers of wealth, returns on wealth, and holdings of wealth. The module equips students with an interdisciplinary framework for explaining and evaluating taxes on wealth, and applies these approaches to existing tax policies and options for reform. The focus is on the UK and US contexts although comparisons are also made with other jurisdictions.

Part I of the module introduces key debates from across the social sciences relevant to the taxation of wealth. Seminars 1-5 cover: (i) defining and measuring wealth; (ii) inequality and distributive justice; (iii) property rights; (iv) economic perspectives; and (v) social and political perspectives. Part II applies these debates to specific wealth tax policies. Seminars 6-10 cover: (i) taxes on transfers: inheritance/estate tax, lifetime receipts tax, comprehensive income tax; (ii) taxes on returns: capital gains tax, capital income tax and (iii) taxes on holdings: property tax, land-value tax, net wealth tax.

Lecturer: Dr Andrew Summers

Module Code: LL4COE

 


 

Tort Law: Foundations and Contemporary Issues

Tort law is not only one of the foundational topics in the common law, it is also one of the most intellectually stimulating and vibrant areas of legal practice. Tort principles are fundamental to many specialist areas of law (from competition to consumer, labour, and environmental law), so familiarity with their structure and content pays multiple dividends. While necessarily selective, our course will look at the core principles of tort law, their theoretical underpinnings, and their application in a number of controversial questions in modern litigation. We will discuss some central ideas in the law of negligence (acts vs omissions, duties of care, breach, causation and remoteness), as well as the major schools of thought on the purpose and function of tort law (especially wrong-based vs economic theories). We will also look at a wide range of questions in contemporary tort litigation: the complex position of public authorities in negligence; torts relating to autonomy and privacy (wrongful conception, autonomy-reducing medical negligence, invasions of privacy); vicarious liability and its applicability to the modern economy; and the various economic torts (inducing breach of contract; the ‘unlawful means’ tort; conspiracy). As befits all common law subjects, we will explore these themes by working through both hypothetical and real cases.

Lecturer: Professor Emmanuel Voyiakis

Module code: LL452E

 


 

UK Corporate Law

UK corporate law is an advanced corporate law module focusing only on UK law. The module covers in-depth the core areas of UK corporate law including:

The conception of the UK company;
separate legal personality and piercing the corporate veil;
corporate actions in contract, tort and criminal law;
the balance of power in the company between the board and the shareholder meeting;
UK board composition regulation;
Directors' duties and their enforcement;
minority shareholder protection; and
the role of company law in protecting creditors.

The module will rely on in-class case studies and problem questions to explore the applicable law and its development.

Lecturer: Professor David Kershaw

Module Code: LL439E

Constitutional / Human Rights Law

Comparative Constitutional Law

This module examines the central issues in comparative constitutional law across a range of jurisdictions and from a variety of perspectives. The module opens with an introduction on the purpose of comparative constitutional law. The first substantive part discusses various approaches to the study of CCL as well as the migration of constitutional ideas (and related notions of constitutional borrowing, transplants etc). The second part deals with key constitutional concepts (constitution; rule of law; presidentialism, parliamentarism) which are discussed from a historical and comparative perspective. The point of these sessions is not to compare for the sake of comparing, but to equip you (the researcher) with the conceptual tools to do insightful, critical, and original comparative work of your own. The third part challenges the assumptions of liberal constitutionalism by examining constitutions in divided societies and authoritarian constitutionalism. The overall aim of the module is to develop students' understanding and use of many general theoretical explanations surrounding debates in CCL, and to develop students' critical/analytical approach to many of the questions facing judges and scholars in the next decade.

Lecturer: Professor Jo Murkens

Module Code: LL408E

 

Comparative Human and Constitutional Rights 

This module examines a range of controversial issues in human and constitutional rights law from a comparative perspective. These issues include: negative and positive obligations, and social rights; abortion; 'deviant' sex and sodomy, sado-masochistic sex, and incest; same-sex marriage; religion in the public sphere; hate speech and denial of the holocaust; obscenity. We will approach them by comparing and contrasting judgments from courts all over the world, with an emphasis on cases from the U.S. Supreme Court, the Canadian Supreme Court, the South African Constitutional Court, the European Court of Human Rights, the U.K. Supreme Court, and the German Federal Constitutional Court. The goals of the module are, first, to introduce the students to the jurisprudence of those extremely powerful and influential courts, and, second, to invite them to think about and critically analyse some of the most controversial, difficult, and important rights issues of our time.

Lecturer: Professor Kai Möller

Module Code: LL409E

 

Constitutional Law and Theory

This module examines the role of constitutions and the nature of constitutional discourse. It considers the ways in which theorists have advanced understanding of constitutions and devised solutions to a range of constitutional questions. The module deals with the following topics: the scope of constitutional theory; the constitution of government; constitutional politics; representation; sovereignty; constituent power; constitutional rights; the rule of law; liberalism and republicanism; constitutional adjudication; cultural pluralism; theories of federalism; the cosmopolitan polity.

Lecturer: Professor Tom Poole

Module Code: LL427E

 

European and UK Human Rights Law 

The module has two parts. In part one the origins, development and current standing of the European Convention on Human Rights and Fundamental Freedoms are considered. The primary focus will be on the case-law of the European Court of Human Rights, though the cases of other jurisdictions will also be referred to where appropriate. The module will analyse the Convention from the perspective of selected rights within it, but will also engage with the subject thematically, subjecting such concepts as the 'margin of appreciation' and proportionality to close scrutiny. The goal of this part of the module is to give students a good critical understanding of the Convention, the case-law of the Strasbourg court and the Convention's place within the constitutional and political structure of 'Greater Europe'.

The second part of the module is made up of a detailed study of the UK Human Rights Act. The origins and the political background to the Act will be explained, and the structure of the measure will be fully elaborated, relying on the text of the Act itself but also on the burgeoning case law that accompanies the measure. This part of the module will identify the principles that underpin the UK Act and explain its proper place in British law. It will also explore the wider constitutional implications of the measure, looking at its effect on the relationship between courts and Parliament. Linkages with the broader European framework discussed in the first part will be made by students through their reading and through class-engagement. The implications for human rights of the UK's intended departure from the EU will also be considered.

Lecturer: Professor Conor Gearty

Module Code: LL404E

 

Law and Politics of the EU

How is the European Union governed? This course will discuss this question in both a descriptive and a normative fashion. In descriptive terms, the course looks at the way in which the EU institutions are structured, how they function internally, and the powers that they have. It looks at the power of the European Court of Justice, at the role of fundamental rights, and the way in which the Treaty can be amended. This descriptive discussion forms the backdrop for the (more central) normative discussion: how should Europe be governed? Is the EU democratic? Should it be? Should Member States have more or less power to challenge EU measures? What will the future of the EU look like? And what should it look like?

Students will be challenged to think about the EU as an institutional structure in which both law and politics play a crucial role. Really understanding the EU requires knowledge of both areas as well as knowledge of their interaction. At no other time in the development of the EU has the interaction between law and politics so fundamentally affected the direction of the integration process. The coming years will see fundamental changes to the EU's structure; which are informed as much by political dynamics as by legal mechanisms. This course prepares you to fully understand those changes - and allow you to analyse critically both their normative content and institutional structure.

Substantive topics include Brexit, the rule-of-law crisis, and the Eurozone crisis and can be tailored to the interests of the students.

Lecturer: Professor Floris de Witte

Module Code: LL453E

 

Rethinking EU Law

EU law is a fast-moving, dynamic area of law. The modulewill address core aspects of EU law and develop a number of key themes in the public law and policy of the EU and its Member States. It will provide a sophisticated understanding of the legal, political and constitutional issues surrounding the central debates in the EU, from its origins to the recent crises, including the Euro-crisis and Brexit. Topics will include: - Law and Politics of European Integration - Fundamental Freedoms - Collective Autonomy and Social Justice - Authority of EU Law - Sovereignty, Identity and Pluralism - Political Economy - Future of the EU. The modulewill use general theoretical accounts in law and related disciplines in order to situate EU law in its economic, political and social context. It uses the LSE’s unique interdisciplinary expertise in European law, constitutional theory, public law, and legal theory for a rich and varied study of the challenges facing the EU and its future development.

Lecturer: Professor Michael Wilkinson

Module Code: LL436E

 

Rights Adjudication and Global Constitutionalism

Since the end of the Second World War, judicial review has flourished around the world: in many jurisdictions, courts have been given the power to strike down or declare inapplicable laws passed by the democratic legislature, if they conclude that the law in question violates fundamental rights. What is the point of this practice, and is it justifiable? This course introduces the students to contemporary theories of human and constitutional rights and the debates about judicial review. Questions to be discussed include: What are the values on which rights are based – for example, personhood, freedom, equality, or dignity? Are rights principles, as Robert Alexy claims, which means that can they be limited when the limitation is ‘proportionate’? Or are they trumps, as Ronald Dworkin has famously argued? Are there any absolute rights, such as freedom from torture, and how can absolute rights be justified? Is the judicial enforcement of rights undemocratic, or is it consistent with or even required by democracy? Is the point of the judicial enforcement of rights the creation of a ‘culture of justification’? We will approach these questions by focussing on both cases and doctrines of human and constitutional rights law and the work of some of the leading theorists and philosophers of rights, trying to reconcile theory and practice.

Lecturer: Professor Kai Möller

Module Code: LL426E

 

Terrorism and the Rule of Law

This module will provide a theoretical and historical introduction to the concept of terrorism. It will critically consider definitions of terrorism, and analyse the relationship between terrorism and the right to rebel, and the right to engage in civil disobedience. The historical development of the idea of 'terrorism' from the late eighteenth century through to the present will then be traced, with the emphasis on locating the practice of political terror in its political and military/quasi-military context. The role of international law generally and international human rights law in particular in the context of terrorism and anti-terrorism action will be considered in detail. The module will teach the material in context, so the subject will be analysed by reference to particular situations where necessary, eg Northern Ireland, the Palestine/Israel conflict and the post 11 September 'war on terror'' The aim of the module is to give the student a good critical understanding of this most controversial of subjects, and also to impart an understanding of the role of law in shaping the fields of terrorism and of counter-terrorism (and, latterly, the emerging field of 'extremism').

Lecturer: Professor Conor Gearty

Module Code: LL448E

Information Technology, Media and Communications Law

Cyberlaw

Artificial Intelligence (AI) offers immense opportunities: it has the potential to transform and enhance human wellbeing, peace, and prosperity. It also is an extremely disruptive technology which will change the way we do communicate, business and interact with one another. To successfully integrate AI into society we must ensure it is designed, developed, deployed, and used, in a manner that is safe, in such a way as to be human-centric, trustworthy, and responsible.

Against the backdrop of this challenge, this course considers how AI changes the legal landscape and how lawyers, and anyone interested in how our society is regulated, will need to adapt to this new landscape. It does so by examining how AI automates regulatory processes based upon data, a process known as datafication, and how data is used to train and the algorithms at the heart of AI. From here it moves on to examine who controls the development and deployment of these algorithms and how we might control their development and deployment in AI systems by looking at the different models for regulation and compliance from ethical models to the development of legal models, particularly the EU’s AI Act. It asks how we should regulate AI and which approach is likely to be effective. From here we will examine some of the risks of AI applications including its impact on creativity and copyright and upon how AI breaks us down, profiles us and surveils us. We end by looking at some likely disruptive effects of AI on legal practice.

Although law is jurisdictional much of the challenge of regulating AI is trans-jurisdictional and as a result this course will take a global approach to the question of how to regulate AI, focussing mostly on developments in the EU, UK, China, and the US. It is highly comparative and will use materials drawn from several jurisdictions.

This course does not require an in-depth understanding of digital technology or AI systems – we are primarily interested in the implications of the use of information technology, AI and Machine Learning, and the intended and unintended consequences of regulating that use.

Lecturer: Professor Andrew Murray

Module Code: LL449E

 

Digital Rights, Privacy and Security

Personal data is an important factor of production in data-driven economies, and the processing of personal data can generate significant economic and social benefits. Personal data processing can also have a detrimental impact on established rights and values, such as autonomy, privacy and data protection. Legal frameworks to regulate personal data processing and to negotiate these competing rights and interests have been enacted across the world, with the EU legal model used as a blueprint. 

This module provides a critical introduction to data protection and data governance. It is comprised of three parts. First, we introduce data protection legislation, equipping participants with an understanding of its scope and substance and some key controversies around its application. Second, we examine the role of data protection as AI Regulation, including its role in regulating data-derived decisions and inferences, its implications for large language models and Generative AI and its application to a concrete scenario (EdTech). Finally, we consider the regulatory design of data protection law, examining regulatory competition between States concerning international data transfers, regualtory coherence between different legal fields governing data and regulatory effectiveness through compliance and enforcement. 

Lecturer: Dr Orla Lynskey

Module Code: LL440E

 

Media Law: Regulating Publication

The module examines the legal and administrative regulation of mass media publication (principally the press, the broadcast media, and institutionalised Internet publication). The module is introduced with consideration of a number of themes that underpin the rest of the syllabus: the role(s) of the media in society (including conceptions of the 'public interest'); the main social, technological and regulatory influences that shape media publication practise, and rights jurisprudence (in particular, the freedom of expression and freedom of the press in national and international law). The module then examines potential restrictions on publication that are aimed at promoting or preserving specific private and/or public interests. The key private interests considered are those in reputation (defamation), privacy, and confidentiality. The key public interests considered are the integrity of the judicial process (contempt and reporting restrictions), the impartiality of political representations, the avoidance of offence (obscenity and religion), national security, and the protection of children.

Lecturer: Dr Andrew Scott

Module Code: LL423

 

Media Law: Regulating Newsgathering 

This module examines the legal and administrative regulation of newsgathering and content production practices undertaken by journalists and others working in the media sector. The module is introduced with consideration of a number of themes that underpin the rest of the syllabus: the role(s) of the media in society (including conceptions of the 'public interest'); the main social, technological and regulatory influences that shape media newsgathering practise, and rights jurisprudence (in particular, the freedom of expression and freedom of the press in national and international law).

The module then examines a number of newsgathering practices that are either facilitated or proscribed by law and/or other forms of regulation. These include protection of sources (in general; vis-a vis police and security interests; payment of sources); access to information held by the state (official secrets; news management; freedom of information); access to the justice system (secret justice / physical access to courts; access to court documents; technology and the courts - text-based reporting and broadcasting; access to prisoners); media-police interaction; harassment and media intrusion, and surreptitious newsgathering practices (hacking, tapping, entrapment and subterfuge).

Lecturer: Dr Andrew Scott

Module Code: LL424

International Law

International Criminal Law 

The module looks at the history of and background to international criminal law and at its substantive content — its origins in the early Twentieth Century, its purported objectives, and the core crimes set out in the Rome Statute over which the International Criminal Court has jurisdiction (war crimes, crimes against humanity, genocide). The modulewill then examine in more detail a number of areas of contemporary interest (at least two from among the following: universal jurisdiction, immunity, torture, terrorism, international tribunals). The module is mainly directed at the conceptual problems associated with the prosecution of war criminals and, more broadly, legalised retribution.

Lecturer: Dr Stephen Humphreys

Module Code: LL437E

 

International Economic Law I & II

The aim of the module is to introduce students to the field of international economic law: its principles, rules, practices, and institutions, and the debates which attend each. The module focuses on the public international law rules and institutions which govern international trade. Students will be given a grounding in the jurisprudence of the WTO, but will also be introduced to interdisciplinary material on the broader political, economic, institutional and normative contexts in which international economic law operates. Key themes will include the question of ‘development’ and developing countries, the role of expertise in global economic governance, and institutional aspects of judicial international dispute settlement. Special attention will be paid to the current crisis around the contemporary international trading system, and US-China relations. Students will be expected to engage with the principles and practice of international economic law both at the technical level, and at the level of critical reflection.

In International Economic Law II, topics to be covered may include: Trade Remedies (Antidumping, Countervailing duties and Safeguards); Trade and Global Value Chains; State-owned Enterprises; Advanced Issues in WTO Dispute Settlement; Digital Trade; Trade and Taxation; the Level Playing Field; and others. We will set aside time to consider contemporary issues, for example around international trade in the post-Trump era, digital trade, public international regulation of global finance, regional economic integration, development and developing countries in the trading system, and environmental aspects of international trade.

Lecturer: Professor Andrew Lang

Module Codes: LL412E; LL413E

 

International Human Rights: Concepts, Law and Practice

This module is concerned with the international protection and promotion of human rights and its relation to a range of current global problems. The module draws on the international law and practice of human rights to examine how we might best understand the contribution and limitations of human rights to addressing contemporary ills. Through the consideration of a range of standards and thematic issues participants will learn about, and critically analyse, human rights concepts, norms, institutions and actors. The module engages with the ideas and objectives that underpin the post-1945 human rights legal order, the United Nations and regional systems, as well as both the standards of, and challenges to, international human rights. We build on these foundations to examine a variety of current human rights topics and to explore how international law in these areas has developed, is applied, and is deployed. Subjects may include: the prohibition of torture and the war on terror; human rights and water; the right to self-determination; the right to development; land and the rights of indigenous peoples; human rights and sexuality; human rights and extraterritoriality; business and human rights; human rights and resistance; and human rights and poverty.

Lecturer: Dr Margot Salomon / Professor Susan Marks

Module Code: LL403E

 

International Investment Law and Arbitration

Investment treaties are instruments of economic governance at the heart of international arbitration and current policy debates. After the Second World War, many states agreed to minimum standards of conduct towards foreign investors to promote capital inflows in the face of political risks. Today, the standards contained in nearly 3,000 bilateral treaties (or chapters in trade agreements) serve to delimit the lawful exercise of governmental authority from a state’s international responsibility to make reparation for injury to investors, usually in the form of compensation. These treaties typically include each state’s consent to arbitration on the notice of any protected investor, known as investment treaty arbitration or investor-state dispute settlement (ISDS). With around 1,500 cases, investment treaty arbitration has become an important vehicle for the development of international law. At the same time, diverse voices have protested the alleged chilling effect of large compensation awards on public interest regulation, not least amid the renewable energy transition, whilst there are live debates among governments as to the future law and procedure of foreign investment disputes.  

The aim of the course is to introduce students to international investment law, focusing on the rules of public international law that regulate foreign investments and are applied by arbitral tribunals in investment treaty disputes. The course has five main elements: (1) the historical, theoretical and policy background behind investment treaties and dispute settlement by arbitration; (2) the rules governing jurisdiction and admissibility of investor-state arbitration cases; (3) the substantive principles and standards – such as national treatment, most-favoured-nation treatment, expropriation, protection of contracts by umbrella clauses, and the minimum standard in international law – that may apply to investor-state relationships; (4) annulment, recognition and enforcement of arbitral awards and the interaction between international tribunals and national courts; and (5) the discussion of the future of international investment law.

Lecturer: Dr Oliver Hailes

Module Code: LL430E

 

International Law and Climate Change

This module covers the international law dealing with climate change with a view to assessing how risks and uncertainties caused by climate change are governed and allocated in different legal regimes. The module adopts the stance that the political and legal questions raised by climate change cannot be addressed by reference to climate change law (or indeed international environmental law) alone. Climate change gives rise to a series of profound problems touching upon a range of bodies of law (international economic law, human rights law, state responsibility, international migration law) in a complex political and ethical environment. In approaching climate change as a concrete concern relevant to these various bodies of law and practice, the module will address the normative and/or ethical bases for choosing between actions designed to prevent and/or manage climate change and its consequences, attentive to developmental imperatives and the theoretical concerns raised by the 'fragmented' nature of international law.

Lecturer: Dr Stephen Humphreys

Module Code: LL420E

 

International Law and the Use of Force

This course examines the international law relating to when it is permissible to use force (jus ad bellum). The aim of this course is to develop an understanding of the principles of international law that regulate the use of force in international society. It concentrates on the prohibition of resort to force in Article 2(4) of the United Nations Charter and the recognized exceptions to that prohibition, namely Security Council authorization and self-defence. We will also examine in detail related concepts and doctrines, including humanitarian intervention and the responsibility to protect, pro-democratic intervention, the protection of nationals and the criminalization of aggression.

Lecturer: Dr Devika Hovell

Module Code: LL444E

 

International Law: Courts and Tribunals

The module introduces students to the practice and theory of international legal dispute resolution, focusing on dispute settlement before courts and tribunals. The former Prosecutor of the Yugoslav Tribunal, Richard Goldstone, resolved that: ‘it seems to me that if you don’t have international tribunals, you might as well not have international law’. Given the proliferation of courts and tribunals applying and enforcing international law, certain scholars have argued we are witnessing the emergence of an ‘international judicial system’ (Martinez).

The module involves three main elements:

1. First, the module examines the structure and work of the International Court of Justice, the principal judicial organ of the United Nations, focusing on jurisdiction/admissibility, contentious cases and advisory opinions.

2. Secondly, the module introduces a variety of other international courts and tribunals, such as the International Criminal Court, domestic and regional courts dealing with international law and human rights, including the European Court of Human Rights and the European Court of Justice, the WTO Dispute Settlement Body and investment treaty arbitral tribunals. Using contemporary and controversial case studies, the module will critically analyze and contrast the institutional design and jurisdiction of these courts and tribunals.

3. Thirdly, throughout the module we explore key theoretical controversies surrounding the adjudication of international law, focusing in particular on (a) how these courts and tribunals relate to one another (hierarchy, specialization and fragmentation); (b) what criteria should be used in assessing the legitimacy and effectiveness of these courts and tribunals; and (c) whether and how these courts and tribunals create international law.

Lecturer: Dr Devika Hovell

Module Code: LL447E

 

Key Issues in Transnational Environmental Law

The module focuses on key developments in environmental law beyond the State, which includes both the European and international level. After reviewing the main law and policy principles that inspire transnational environmental developments, and identifying opportunities for and obstacles to the effectiveness of transnational environmental law, the module turns the spotlight on the most important environmental challenges of our time and examines the role of transnational law in managing or resolving them.

The module is structured as follows:

  • Environmental law in context: economic and alternative approaches to sustainable development
  • Sources and principles of transnational environmental law
  • Transnational environmental law.
  • Transnational liability: responding to global catastrophes.
  • Controlling toxic substances: risk regulation and the precautionary principle.
  • Climate change: international law and policy developments
  • Climate change litigation
  • Protecting biodiversity through designation: the EU example
  • Regulating markets for ecosystem services
  • Trade and the environment
  • Revision

Lecturer: Dr Veerle Heyvaert

Module Code: LL402E

 

The Law of Armed Conflict

This module covers the international law governing the conduct of hostilities (jus in bello, also known as the law of armed conflict or international humanitarian law)--as distinct from the law on the resort to force (jus ad bellum), which is a separate module. The module will take a critical approach to the international regulation and facilitation of armed conflict. As well as the laws governing the means and methods of war (‘Hague’ law), the ‘protected’ groups hors de combat (‘Geneva’ law), and the distinction between international and non-international armed conflict, the module will cover ‘lawfare’ more generally: the recourse to law as a means of waging war. It will examine the application of the laws of war, including occupation law, in recent conflicts, including the wars in Iraq, Afghanistan and Syria, the 'war on terror', and the Palestinian Occupied Territories. Students can expect to have a thorough grasp of the principles and regulations governing the conduct of hostilities, the context and efficacy of enforcement mechanisms, and a critical understanding of the normative and political stakes of international law in this area.

Lecturer: Dr Stephen Humphreys

Module Code: LL401E

 

 

*Please note that whilst it is our intention to offer all of these modules, our ability to do so will depend on the availability of the staff member in question.