INTERNATIONAL BUSINESS TRANSACTIONS Prof. Don De Amicis Prof. Carol Mates LAWG-876-09 Fall 2014 Wednesday 5:45 pm – 7:45 pm Location: Hotung 5020 This course is an introductory survey of legal issues that may arise in connection with international business transactions. I. Course Materials International Business Transactions: Problems, Cases, and Materials (2d Ed.), by Daniel Chow & Thomas Schoenbaum (Aspen Publishers), available in the bookstore (“Casebook”). Supplementary materials available as PDF files or online sources (including case citations available on Westlaw or Lexis) identified in a supplementary materials list (“Supplementary Materials”). Additional materials may be distributed to students via Courseware periodically during the course. We are each happy to speak with students by telephone or to answer questions by e-mail. Please do not hesitate to contact either one of us. If you do call and we are not available, please leave a number where we can reach you and a good time to call, even if you intend to try us back later. We will also be available after class most weeks. If you would like to schedule an appointment for a meeting in person (which we are happy to do), please see us after class or contact us by phone or e-mail. International Business Transactions – Fall 2014 Page 1 of 8 8/01/2014 II. Evaluation A. Final Examination (80%): There will be one open-book final examination at the end of the course. B. Reading Summaries, Class Questions and Class Participation (20%): Weekly Reading Summaries: Each student will prepare and submit by e-mail, by 9:00 am on the day of each class meeting, a brief (no more than 1-3 sentences) summary of each case assigned for such class, as set forth in this syllabus under the “Cases” column (some class sessions have no cases assigned). (The weekly summary must be submitted regardless of whether a student attends class that week.) Each student is expected to prepare his or her own summaries, and Georgetown University Law Center guidelines on plagiarism will apply. The purpose of the assignment is to help the student summarize and memorialize the key ideas in each reading. At the end of the course, a student’s compiled summaries should assist in the synthesis of the material in anticipation of the final examination. Weekly Question for Class: In addition, students will submit by e-mail, by 9:00 am the day of a class, one question that they had about the reading or the topic for that class. We may use these questions to clarify certain points or as a jumping off point into the discussion, but we will not respond directly to the email submissions. Class Participation: Attendance and participation in class are fundamental. Please notify either Professor De Amicis or Professor Mates in advance (by e-mail) of any absences. Failure to attend and participate regularly in class may result in exclusion from the course, a lower class grade, or non-award of academic credit even if the student passes the exam. When you are in class, please be prepared to discuss the material assigned for that class, to participate in discussions, ask questions, and share your insights with the class. International Business Transactions – Fall 2014 Page 2 of 8 8/01/2014 III. Syllabus The syllabus sets forth the reading for each class. The reading will be drawn from the Casebook as well as the Supplementary Materials. The syllabus sets forth the pages of the Casebook that you should read, as well as the sections of the Supplementary Materials. The syllabus also indicates which Problems from the Casebook we will discuss during class. Please also note the following: You do not need to read the “Notes and Questions” that fall within the pages assigned in the Casebook for that class unless they are specifically assigned. You do not need to read a Problem that falls within the pages assigned in the Casebook for that class, unless the Problem is specifically assigned. You do not need to read a Case that falls within the pages assigned in the Casebook for that class, unless the Case is specifically assigned. Materials listed in the “Supplementary” column and Cases that are followed by (SM) are in the Supplementary Materials. All other Cases are in the Casebook. Additional readings may also be handed out in class and/or posted on Courseware. The Syllabus may be revised and updated during the semester. International Business Transactions – Fall 2014 Page 3 of 8 8/01/2014 Class #5 1 October 2014 Casebook The Loan Transaction Class #6 8 October 2014 Casebook Project Financing & Secured Lending Problems Exercise based on Loan Agreement Cases Supplementary Redacted Loan Agreement Problems Exercise Based on Project Finance Loan Agreement and Security Documentation Cases Supplementary Articles: A Practical Guide to Project Finance; Rules for negotiating project finance deals. Problems Cases Major’s Furniture (SM); Major Funding (SM) In re Lehman Brothers (SM) Supplementary Sample Waterfall Cases Supplementary UNCITRAL Model Law on CrossBorder Insolvency (Guide to Enactment and Interpretation, pp 1932 Tri-Bar Report on Third Party Closing Opinions Public-Private Partnerships (PPP) International Development and Finance Institutions Class #7 15 October 2014 Casebook The Structured Finance Transaction Derivatives and Swaps Class #8 22 October 2014 Casebook Cross-Border Insolvency of Business Enterprises Problems Legal Opinions: What function do they Serve? ISDA Master Agreement, Sections 2,5,6 Sample Legal Opinions Class #9 29 October 2014 Casebook Agency, Distributorships and Franchises 297 - 310, 350-364 Problems 5-1, 5-2, 5-3, 511(2) International Business Transactions – Fall 2014 Page 5 of 8 8/01/2014 Cases Pronuptia de Paris Supplementary