International Business Transactions Professor Markus Petsche

International Business Transactions
Professor Markus Petsche

Module 2 in AY 2015-16 MA. / LL.M. level course
2 Credits (4.66 ECTS Credits) Prerequisites no
E-learning: http://ceulearning.ceu.edu/course/view.php?id=4411 Office hours by appointment, requested after class or via email at petschem@ceu.edu
Course description
This course discusses the principal legal issues arising in connection with selected international commercial agreements. The first part of this course introduces the participants to the theory and practice of the unification of international trade law. Part two focuses on international sale of goods transactions, with particular emphasis on the UN Sales Convention (CISG). It explores issues relating to the application and scope of the CISG, breach of contract, remedies, and exemptions from liability. The third part of this course deals with selected legal aspects of a number of transactions that are related to the international sale of goods (1) agency agreements
(2) distribution agreements (3) contracts for the carriage of goods and (4) letter of credit transactions.
Learning Outcomes

Understanding of the theoretical background and practical relevance of the legal unification of international business law Familiarity with the legal framework established by the CISG and ability to solve a variety of problems arising in relation to transactions governed by the CISG Awareness of basic legal principles governing agency, distribution, carriage of goods and letter of credit transactions and ability to solve selected problems arising in connection with such transactions Ability critically to assess a variety of legislative materials and judicial rulings in the area of international business law
Assessment:
The students are expected to come prepared to class, i.e. to have read the assigned materials. The final grade will be made up of the following components Final exam 60% Class participation 20% Class presentation 20% The final exam will be a three-hour open-book exam comprising three questions with at least one problem question and one essay question.