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LAW 896 – International Business Transactions

2018 – S2 External

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff
Lise Barry
Shafiqur Khan
Credit points Credit points
4
Prerequisites Prerequisites
Admission to LLM or MIntTrdeComLaw or MIntRelMIntTrdeComLaw or 42cp in LAW or LAWS units at 400 or 500 level or (admission to JD and 32cp in LAW or LAWS units at 800 level)
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description
This unit examines the making, regulating and breaking of deals in the international business community. The unit will canvas the different legal forms of agreements (eg, direct foreign investment, international joint ventures); laws that influence the conduct of business internationally (eg, anti-trust laws, international financial regulation, international bankruptcy, international taxation laws); and the mechanisms available when disputes arise (eg, international arbitration, foreign litigation in domestic courts). Students will develop an understanding of key legal principles underpinning international business transactions from an international law perspective as well as in relation to selected jurisdictions.

Important Academic Dates

Information about important academic dates including deadlines for withdrawing from units are available at https://students.mq.edu.au/important-dates

Learning Outcomes

  1. Understand the regulatory framework and standards that govern international business transactions and relationships
  2. Demonstrate a sophisticated knowledge and understanding of relevant international agreements and principles that influence international business, domestic legal regime and parties involved in cross-border dealings, and develop an analytical ability to critically assess their application
  3. Evaluate the role of different institutions and organisations in guiding responsible business
  4. Investigate the relationship between international and domestic regulations and the way in which Australia has endorsed those international standards
  5. Identify legal issues, problems and risk factors that a business entity may encounter in operating cross-border transactions, and apply appropriate strategies to overcome these
  6. Analyse the conduct of business in a complex international environment

General Assessment Information

Late Submission

Unless a Special Consideration request has been submitted and approved, (a) a penalty for lateness will apply – two (2) marks out of 100 will be deducted per day for assignments submitted after the due date – and (b) no assignment will be accepted more than seven (7) days (incl. weekends) after the original submission deadline. No late submissions will be accepted for timed assessments – e.g. quizzes, online tests.

Moderation

Detailed marking rubrics will be made available on iLearn. 

Turnitin

All written assessments are to be submitted via iLearn through Turnitin. 

Referencing

All referencing is to be in accordance with AGLC3. 

Assessment Tasks

Name Weighting Hurdle Due
Weekly forum participation 30% No Each Week
Reflection 30% No 1/11/2018
Hypothetical Legal Problem 40% No 17/09/2018

Weekly forum participation

Due: Each Week
Weighting: 30%

Students will be asked to start a hypothetical business to engage in international business transactions. Each week students will be presented with a scenario which they will have to respond to. This response will be posted to an online discussion module for each week. 

This is a timed assessment and no late submissions will be accepted. 


This Assessment Task relates to the following Learning Outcomes:
  • Understand the regulatory framework and standards that govern international business transactions and relationships
  • Demonstrate a sophisticated knowledge and understanding of relevant international agreements and principles that influence international business, domestic legal regime and parties involved in cross-border dealings, and develop an analytical ability to critically assess their application
  • Evaluate the role of different institutions and organisations in guiding responsible business
  • Investigate the relationship between international and domestic regulations and the way in which Australia has endorsed those international standards
  • Identify legal issues, problems and risk factors that a business entity may encounter in operating cross-border transactions, and apply appropriate strategies to overcome these
  • Analyse the conduct of business in a complex international environment

Reflection

Due: 1/11/2018
Weighting: 30%

Students will be required to write a reflective journal on their experience running the hypothetical business. Students will be encouraged to reflect not only on their interaction with legal principles, but also with the contextual and ethical issues that have arisen. 

Word Limit: 1,500 words. 


This Assessment Task relates to the following Learning Outcomes:
  • Demonstrate a sophisticated knowledge and understanding of relevant international agreements and principles that influence international business, domestic legal regime and parties involved in cross-border dealings, and develop an analytical ability to critically assess their application
  • Evaluate the role of different institutions and organisations in guiding responsible business
  • Investigate the relationship between international and domestic regulations and the way in which Australia has endorsed those international standards
  • Analyse the conduct of business in a complex international environment

Hypothetical Legal Problem

Due: 17/09/2018
Weighting: 40%

A hypothetical legal problem will be set on the laws impacting on international business transactions. 

Word Limit: 1,000 words.


This Assessment Task relates to the following Learning Outcomes:
  • Understand the regulatory framework and standards that govern international business transactions and relationships
  • Demonstrate a sophisticated knowledge and understanding of relevant international agreements and principles that influence international business, domestic legal regime and parties involved in cross-border dealings, and develop an analytical ability to critically assess their application
  • Evaluate the role of different institutions and organisations in guiding responsible business
  • Identify legal issues, problems and risk factors that a business entity may encounter in operating cross-border transactions, and apply appropriate strategies to overcome these

Delivery and Resources

This unit will be delivered via seminar-format involving a combination of lecturing by the convener and active class discussion by students. There will also be a strong focus on online participation. Students will be required to participate in discussion based upon the readings, as well as any problem and discussion questions set by the convener.

Weekly lectures will be available online via the Echo system. 

Weekly readings will be provided on the iLearn website and available via Leganto. There is no textbook for the course. Rather, students will be expected to have a detailed understanding of the weekly journal articles and textbook extracts posted under each week on iLearn. 

Unit Schedule

Topics are subject to change based on student responses to the online participation assessment. 

1. Practising Law when you don't know the law. 

2. A brief history of international business transactions. 

3. Considerations in choosing a jurisdiction - setting up a business. 

4. The key problems in international business transactions. 

5. Models of expansion - agency, distribution and licensing. 

6. Models of expansion - franchising, joint ventures.

7. Models of expansion - greenfield investment.  

8. Corruption and resolutions to key problems. 

9. Payments and the international movement of money. 

10. Corporate social responsibility in an international context. 

11. Customs.

12. Export Laws and National Security. 

13. Review.

 

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:

Undergraduate students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.

If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/student-conduct​

Results

Results shown in iLearn, or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au.

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

Learning Skills

Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.

Student Enquiry Service

For all student enquiries, visit Student Connect at ask.mq.edu.au

Equity Support

Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.

IT Help

For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/

When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.

Graduate Capabilities

PG - Discipline Knowledge and Skills

Our postgraduates will be able to demonstrate a significantly enhanced depth and breadth of knowledge, scholarly understanding, and specific subject content knowledge in their chosen fields.

This graduate capability is supported by:

Learning outcomes

  • Understand the regulatory framework and standards that govern international business transactions and relationships
  • Demonstrate a sophisticated knowledge and understanding of relevant international agreements and principles that influence international business, domestic legal regime and parties involved in cross-border dealings, and develop an analytical ability to critically assess their application
  • Evaluate the role of different institutions and organisations in guiding responsible business
  • Investigate the relationship between international and domestic regulations and the way in which Australia has endorsed those international standards
  • Identify legal issues, problems and risk factors that a business entity may encounter in operating cross-border transactions, and apply appropriate strategies to overcome these

Assessment tasks

  • Weekly forum participation
  • Hypothetical Legal Problem

PG - Critical, Analytical and Integrative Thinking

Our postgraduates will be capable of utilising and reflecting on prior knowledge and experience, of applying higher level critical thinking skills, and of integrating and synthesising learning and knowledge from a range of sources and environments. A characteristic of this form of thinking is the generation of new, professionally oriented knowledge through personal or group-based critique of practice and theory.

This graduate capability is supported by:

Learning outcomes

  • Demonstrate a sophisticated knowledge and understanding of relevant international agreements and principles that influence international business, domestic legal regime and parties involved in cross-border dealings, and develop an analytical ability to critically assess their application
  • Investigate the relationship between international and domestic regulations and the way in which Australia has endorsed those international standards
  • Identify legal issues, problems and risk factors that a business entity may encounter in operating cross-border transactions, and apply appropriate strategies to overcome these
  • Analyse the conduct of business in a complex international environment

Assessment task

  • Hypothetical Legal Problem

PG - Research and Problem Solving Capability

Our postgraduates will be capable of systematic enquiry; able to use research skills to create new knowledge that can be applied to real world issues, or contribute to a field of study or practice to enhance society. They will be capable of creative questioning, problem finding and problem solving.

This graduate capability is supported by:

Learning outcomes

  • Demonstrate a sophisticated knowledge and understanding of relevant international agreements and principles that influence international business, domestic legal regime and parties involved in cross-border dealings, and develop an analytical ability to critically assess their application
  • Investigate the relationship between international and domestic regulations and the way in which Australia has endorsed those international standards
  • Identify legal issues, problems and risk factors that a business entity may encounter in operating cross-border transactions, and apply appropriate strategies to overcome these

Assessment task

  • Hypothetical Legal Problem

PG - Effective Communication

Our postgraduates will be able to communicate effectively and convey their views to different social, cultural, and professional audiences. They will be able to use a variety of technologically supported media to communicate with empathy using a range of written, spoken or visual formats.

This graduate capability is supported by:

Assessment tasks

  • Weekly forum participation
  • Reflection

PG - Engaged and Responsible, Active and Ethical Citizens

Our postgraduates will be ethically aware and capable of confident transformative action in relation to their professional responsibilities and the wider community. They will have a sense of connectedness with others and country and have a sense of mutual obligation. They will be able to appreciate the impact of their professional roles for social justice and inclusion related to national and global issues

This graduate capability is supported by:

Learning outcomes

  • Understand the regulatory framework and standards that govern international business transactions and relationships
  • Evaluate the role of different institutions and organisations in guiding responsible business
  • Analyse the conduct of business in a complex international environment

Assessment tasks

  • Weekly forum participation
  • Reflection

PG - Capable of Professional and Personal Judgment and Initiative

Our postgraduates will demonstrate a high standard of discernment and common sense in their professional and personal judgment. They will have the ability to make informed choices and decisions that reflect both the nature of their professional work and their personal perspectives.

This graduate capability is supported by:

Learning outcomes

  • Evaluate the role of different institutions and organisations in guiding responsible business
  • Analyse the conduct of business in a complex international environment

Assessment tasks

  • Weekly forum participation
  • Reflection