European Master
in Transnational
Trade Law and Finance
Erasmus Mundus Programme
Consortium Partners
• University of Deusto
(Bilbao, Spain)
• Tilburg University
(Tilburg, The Netherlands)
• Institute for Law and Finance (ILF),
Goethe-Universität Frankfurt am Main
(Frankfurt, Germany)
• University of Strasbourg
(Strasbourg, France)
European Master in Transnational
Trade Law and Finance
The European Master in Transnational Trade Law and Finance (EMTTLF) is a flexible, semester-based, international,
multi-site Programme that offers:
— A formative, problem-oriented, multidisciplinary itinerary with the most advanced competencies of technical and
procedural analysis and judicial and economic rationality.
— An innovative itinerary in Transnational Trade Law, which aims to develop high level professional competencies and
analytical skills, offering a professional and a research track.
General Description
The Programme contains 120 ECTS credits which the students will complete in two academic years and in three of the
four participating institutions. Courses run from mid-September/October to mid-February (1st semester) and from midFebruary to June/July (2nd semester). At the Institute for Law and Finance (ILF), courses will take place from October to
July.
First 2
weeks
Sept.
First year
Second year
September to June
September to June
Mid.
Sept.
1st Sem.
1
S
F
Q
B
S
B
U
P
S
Z
D
P
V
S
T
F
T
6
%
30 ECTS
Mid. Mid.
Febr. Febr.
Mid.
Jun.
2nd Sem.
First 2
weeks
Sept.
Mid.
Sept.
3rd and 4th Semesters
Internship
42 ECTS
Specialization in Finance
Professional
track
ILF (Frankfurt)
18 ECTS
30 ECTS
3rd and 4th Semesters
Core
courses
Core
courses
36/42 ECTS
Specialization in
European Business Law
Université de Strasbourg
(France)
University of
Deusto
Internship
Professional
track
18 ECTS
Thesis
Research
24 ECTS
Tilburg
University
3rd and 4th Semesters
All Students
Mid. Mid.
Febr. Febr.
All Students
36/42 ECTS
Specialization in
Intellectual and Industrial
Property
Université de Strasbourg
(France)
Internship
Professional
track
18 ECTS
Thesis
Research
24 ECTS
Mid.
Jun.
University of Deusto, Bilbao
Programme Structure
First Year: Core Courses
These courses are designed to develop the work methodology and key elements at an advanced level in Transnational
Trade Law and Finance.
1st Semester: Private International European
Union Law
University of Deusto
From September to February.
Language of instruction: English
2nd Semester: International sources for
Transnational Trade Law
Tilburg University
From mid February to the end of June.
Language of instruction: English
According to the different needs of the students, the
Master Programme offers the possibility of taking several
relevant courses:
— International Business Law I
— International Business Law II
— International Commercial Law
— International Company Law
— Advanced International Competition Law And
Economic Regulation
— Introduction to the Main Elements of International
Trade and Commerce and International Organizations
— Judicial Cooperation within the European Union
— Contracts and Law applicable to Contractual Obligations
— Arbitration and Alternative Methods of Solving
Conflicts in the European Union
— European Competition Law and Economic Regulation
ILF in the House of Finance, Frankfurt
Tilburg University Campus
Second Year: Specialization
This year gives the students the possibility of deepening their knowledge in three different fields of study: European
Business Law, Law and Finance, and Industrial and Intellectual Property.
The students who will be able to choose between the professional and research paths, will be divided into three
groups (one at the Institute for Law and Finance, and two at the Robert Schuman University). During the second year,
students will have the opportunity to take other courses related to her/his specialization offered by the institutions.
3rd Semester: Options
Option 1. Specialization In Law And Finance
Institute for Law and Finance
Language of instruction: English
Option 2. Specialization In European Business Law
Université de Strasbourg
Language of instruction: Mostly French
— Law of Corporate Finance
— Law of Acquisition and Project Finance
— The Regulation and Supervision of the Single Financial
Market
— Commercial Banking
— Law of Central Banks
— Monetary Policy and Financial Regulation
— Fundamentals of Finance
— Financial Intermediation and Risk Management
— Financial Markets and Institutions
— Law of Investment Banking
— Droit comparé des affaires
— Droit bancaire européen
— Droit européen des marches financiers
— Droit pénal européen des affaires
— Droit social européen
— Approche globale du patrimoine. Audit et diagnostic
patrimonial
— Gestion de patrimoine professionnel et fiscalité
Option 3. Specialization In Industrial And Intellectual
Property
Robert Schuman University
Language of instruction: Mostly French
— Droit international de la propriété intellectuelle
— Droit des brevets
— Méthodes commerciales et financières
— Droit des dessins et modèles industriels
— Droit des technologies
Fronton Palais, Strasbourg
4th Semester: Research/Internship
According to prior experience and future professional paths, Master’s students will be able to choose a balance
between two elements.
The research component aims at professionals able to:
— Elaborate innovative solutions to problems.
— Approach reality with creative thinking.
— Analyze data and assess results.
The internship component aims at providing a job-oriented track containing a professional and training element, being
able to:
— Carry out work on particular items on current and future work programmes.
— Prepare and take part in various meetings and conferences organized by international organizations.
Professional profile and competencies
This Master Programme prepares high-level
professionals and research personnel in the following
four areas.
Integrate knowledge, handle complexity and
formulate judgments by being able to:
— Financial institutions, international and European
banks.
— International companies with legal departments and
dealing with foreign companies.
— Business law firms involved in domestic and
international corporate and contractual matters
— Law making international organizations and other
IGOs such as the World Bank, UNIDROIT, International
Chambers of Commerce, International Court for
Arbitration, the World Trade Organization, UNICITRAL,
and other world wide organizations.
— Reach sound legal conclusions even with incomplete
or limited information.
— Analyze complex situations related to trade law in
a transnational context, being able to identify key
elements or issues.
— Identify relevant and irrelevant facts, being able to
formulate, on solid grounds, significant arguments
in favor and against every one of the different
possible solutions to every situation or conflict that an
international business or contract may vail.
— Decide whether factual circumstances are sufficiently
elucidated for adopting a decision based on in law.
— Recognize the relevance of legal and financial aspects,
as well as ethical and social responsibilities.
At the end of the Programme, professionals will have the
ability to:
Communicate:
Demonstrate knowledge and understanding of:
— High level technical knowledge of issues related to the
implications of transnational trade law with reference
to the main problem, to the seehing of procedures to
avoid to the sheehing of solutions.
— Advanced knowledge of the main legal sources
of jurisdiction, applicable law and enforcement
of judgments and arbitral awards in the fields of
international trade.
— The main legal and financial tools that could be
relevant for a company trying to operate in a
transactional market.
— A global vision to international trade law and the
relevance of different cultural perspectives.
Apply their knowledge in practice, by being able to:
— Identify and apply all the legal sources of relevance in
a concrete situation.
— Apply knowledge and understanding, solving
problems in new or unfamiliar environments within
broader (or multidisciplinary) context, related to the
fields of international trade.
— Negotiate ways of solving international trade conflicts,
avoiding disputes.
— Create new and imaginative solutions by approaching
a problem from different perspectives.
— Identify the relevant legal (including procedural) issues
from a large body of unstructured facts.
— Capacity to communicate their knowledge, ideas and
conclusions as well as the rationale underpinning the
same to clients, colleagues, judges, arbitrators and
society in general.
— Work with others towards common goals, accepting
responsibility and facilitating others in reaching
general objectives.
— Work independently, conduct academic legal and
financial research and convey arguments clearly and
precisely in oral and written form, including writing
academic rigorous reports.
Continue learning:
Have the ability to learn from experience and incorporate
further knowledge in a progressive self-directed and
autonomous way.
María Pilar Canedo,
University of Deusto
G.J.H. (Ger) van der Sangen
Tilburg University
Eligibility, requirements and
selection criteria
Eligibility
Participation in the European Master´s in Transnational
Trade Law and Finance is open to graduate students of all
nationalities in Law, Business Administration and related
fields. Enrolment numbers are limited and admission is
based on merit.
Requirements and selection criteria
Admission may be granted to applicants who meet the
following criteria:
— Candidates must have completed at least a good
level first cycle degree in a discipline related to Law
or Business Administration (ILF accepts only Law,
Economics or Business Administration graduates).
— The Programme seeks those who demonstrate a
proven interest in issues of transnational law and
finance and/or have related international work
experience.
— Candidates are required to have a recognized
qualification in the languages of instruction of the
university where they plan to attend. Applicants will
have to enclose the documentation attesting their
level of English (TOEFL test results 580* or IELTS 6.5)
or French (DELF, DALF or other diploma), if they apply
for the Strasbourg Track.
— Study mobility periods abroad and practical
experience in European and/or international
organizations and institutions is valued.
Selection criteria include motivation, academic
qualifications, languages skills, research experience, and
professional experience.
*The ILF requires TOEFL test results 600.
Documentation
Applicants MUST include in their on line applications an
electronic (digital) copy of the following documents:
— Academic credentials, with a copy of a diploma (if this
document is not in English, then it must be officially
translated) and, if available, diploma supplement.
— Certified copies of academic transcripts.
— Academic and/or professional CV.
— Letter of motivation.
— Original English proficiency test: TOEFL test results
580 or IELTS 6.5 (the ILF requires TOEFL test results
600). Candidates whose mother tongue or language
of primary instruction at University is English are
exempted from this requirement.
— Copy of any other language diploma. In the case of
French DELF or DALF Diploma, a certified copy may be
requested.
— 2 reference letters.
— Statement of class ranking is required by the ILF.
— Copy of the applicant’s passport.
— 2 passport-sized photos.
Pre- selected candidates will be contacted in order
to send the originals (certified hard copies) of these
documents by ordinary mail.
Deadlines for receiving hard copies of the
applications at the EMTTLF Secretariat
— Candidates applying for an Erasmus Mundus
Scholarship
January (Check the website for the exact date).
— Other candidates
May (Check the website for the exact date).
Foreseeable dates for decisions on applications
— Candidates applying for an Erasmus Mundus
Scholarship
MARCH
— Other candidates
JUNE
Fees and scholarships
European Excellence Scholarships
Fees
Definition and number
The EMTTLF Consortium has established from its own
financial resources up to 4 scholarships for highly
qualified European students.
Tuition policy
Depending on the citizenthip of the succesful applicant,
there are two possible tuition fees:
- 14,000 €. This fee is applicable to students citizens of the
Eligibility
member states of the European Union and nationals of the
Eligibility for the European Excellence Scholarships is
EEA-EFTA States (Iceland, Liechtenstein and Norway).
reserved to graduate students who are not eligible to
- 16,000 €. This fee is applicable to third-country students apply for a Erasmus Mundus scholarship.
(citizens of countries other that the ones enlisted before).
Erasmus Mundus Scholarships
Definition
The European Master’s in Transnational Trade Law and
Finance (EMTTLF) has been selected by the European
Commission among the Erasmus Mundus Master‘s
courses for five years. This implies that the European
Commission will grant scholarships to highly
qualified graduate students to participate in the
EMTTLF Programme.
Erasmus Mundus 'Category A' Scholarships
Eligibility: Third country graduate students.
Third-country graduate student means:
— a national of a third country other than those from
EEA-EFTA States (Iceland, Liechtenstein and Norway)
and candidate countries for accession to the European
Union (presently Croatia, Former Yugoslav Republic of
Macedonia and Turkey);
— someone who has already obtained a first higher
education degree;
— someone who is not a resident of any of the Member
States or the participating countries (EEA-EFTA States
and EU candidate countries for accession);
— someone who has not carried out his or her main
activity (studies, work, etc.) for more than a total of 12
months over the last five years in any of the Member
States or the participating countries.
Amount
These scholarships will fully cover the tuition fees for the
two years/4 semesters.
Selection criteria
Decisions on these scholarships are at the discretion
of the EMTTLF Consortium Selection Board and are
exclusively based on academic merit. Candidates to the
European Excellence Scholarships will be notified during
the month of June.
Application
Graduate students wishing to apply for European
Excellence Scholarships, are requested to comply with the
subsequent instructions:
— Complete the ordinary application process for the
EMTTLF (on-line application + post submission).
— Send an email to the EMTTLF-Secretariat
(law@deusto.es) stating interest in applying for
this scholarship. Please write in the Subject Title
«EMTTLF – European Excellence Scholarship»).
— Applications must be written in English, and will be
considered only when all requested information has
been submitted.
Deadline for European Excellence Scholarships
applications: May.
Erasmus Mundus 'Category B' Scholarships
Eligibility: EU and EEA-EFTA nationals graduate students.
External Cooperation Windows Scholarships
The European Commission may open the so-called
External Cooperation Windows, which will increase
the number of scholarships (e.g. Category A) that
the EMTTLF Consortium may award.
More information
For more information about the grants, please
consult the EMTTLF website which contains all
the necessary and upgraded information
Michel Stork,
University of Strasbourg
Andreas Cahn,
ILF, Goethe-Universität Frankfurt
am Main
Other Scholarships and Financial Aid
Erasmus Mobility Grants
Erasmus Mobility grants are available for successful
European candidates.
Other Scholarships
Some national and international organizations also offer
scholarships for participation in Master Programmes. It
is entirely up to applicants to seek information on the
institutions which provide this type of funding.
Student Loans
Some banks and credits institutions offer special loans to
Master students at lower interest rates. It is entirely up to
Universidad de Deusto
(Bilbao, Spain)
Tilburg University
(Tilburg, The Netherlands)
the applicants to seek such information.
High Quality Master Program
The EMTTLF Master Program fulfills the highest standards
set up by the accreditation and evaluation authorities of
the four countries where it takes place as well as by the
European Union
Institute for Law and Finance (ILF)
Goethe-Universität Frankfurt am Main
(Frankfurt, Germany)
Université de Strasbourg
(Strasbourg, France)
European Commission
(Erasmus Mundus Masters Course)
Agencia Nacional de Evaluación de
la Calidad y Acreditación - ANECA
(National Agency for Quality
Assessment and Acreditation)
NVAO - Nederlands-Vlaamse
Accreditatieorganisatie
(Accreditation Organisation of the
Netherlands and Flanders)
Uniqual - Quality Evaluation and Accreditation
Agency of the Basque University System
Ministère de l'education Nationale
(Ministry of National Education)
Zentrale Evaluations- und
Akkreditierungsagentur
Hannover - ZEvA (Central Evaluation
and Accreditation Agency)
EMTTLF Secretariat
School of Law
University of Deusto
E-48007 Bilbao (Spain)
Other contact details
Email: law@deusto.es
Web: www.transnational.deusto.es/EMTTL
Phone: +34 944 139 055
Fax: +34 944 139 099