Browse Hierarchy LAW7007: Law of International Business Transactions

The purpose of this module is to provide an introduction to the relevant components of business transactions within a global economy. The module focuses on the 'micro' perspective of the private business actor, rather than the 'macro' or public policy perspective of the regulator. It begins by introducing the basic transactions for the purchase and sale of goods, an analysis of various types of contracts, and remedies available for the breach thereof. Discussion subsequently focuses on special problems arising between buyer and seller where goods are carried in a container, followed by an examination of the various types of contracts for the carriage of goods by sea. The focus of the module then turns to banker's commercial credits, examining both the types of credits and then the contractual effects between the buyer and seller; buyer and banker; and the seller and banker. After sale of goods, the module proceeds to more complicated distribution and licensing agreements, and ultimately to joint venture and foreign direct investment agreements. Finally, the module considers dispute resolutions in international business transactions. This course prepares for 'Advanced Issues of International Business Transactions'.