Checking date: 28/05/2024


Course: 2024/2025

International Capital Markets Transactions
(17271)
Master in International Advocacy (Plan: 370 - Estudio: 334)
EPD


Coordinating teacher: RAMOS MUÑOZ, DAVID

Department assigned to the subject: Private Law Department

Type: Electives
ECTS Credits: 3.0 ECTS

Course:
Semester:




Skills and learning outcomes
Description of contents: programme
International capital markets transactions 1.- International share IPOs a) Financial considerations. b) Legal framework and types of offerings (international offerings) c) Listing and prospectus d) Stages of the offer and price formation. e) Listed companies: transparency duties and market abuse. f) Private placements. 2.- International non-equity offerings a) Financial considerations. b) Legal framework and types of offers (international offerings) b) Prospectus and documentation of the offering. c) Specific considerations (I): guarantees and derivatives. d) Specific considerations (II): asset-backed securities. 3.- Acquisitions of major holdings and Takeover Bids a) Acquisition of major holdings: special rules. b) Takeover bids (I). Voluntary offer and contractual documentation c) Takeover bids (II). Mandatory rules and takeover procedure. 4.- International trading of securities and intermediaries a) Securities holding and custody. Cross-border custody chains. b) International securities trading: trading platforms and intermediaries. c) Financial intermediaries: licensing, marketing and distribution of products and services. d) International investment funds: licensing, regulatory and fiscal considerations.
Learning activities and methodology
TEACHING ACTIVITIES BY MATTER AF1 Lecture AF2 Practice/Case AF3 Lecture-plus-practice AF6 Group work AF7 Students¿ individual work TEACHING METHODOLOGIES BY MATTER MD1: Lecture in class by the professor aided by computer and audiovisual tools, in which the course¿s main concepts will be developed, and the main literature will be provided. MD2: Critical reading of the texts recommended by the course¿s professor: press articles, reports, manuals and/or academic articles, for their discussion in class, or to expand and consolidate the lessons of the course. MD3: Resolution of cases, problems, etc, provided by the professor, individually or in group. MD4: Exposition and discussion in class, moderated by the professor, on topics regarding the contents of the course, as well as practical cases. MD5: Making of Works and reports individually or in group. TUTORING: Students will have access to tutorials with the person responsible for coordinating the subject. With the tutoring it is intended to organize the teaching and learning processes that are based on the interaction between the student and the teacher in order to: (i) Guide the autonomous and group work of the students (ii) Deepen in different aspects of the subject (iii) Guide the academic and comprehensive training of the student. The tutorials will take place at the time and under the conditions determined by the teacher in Aula Global.
Assessment System
  • % end-of-term-examination 40
  • % of continuous assessment (assigments, laboratory, practicals...) 60

Calendar of Continuous assessment


Basic Bibliography
  • John Armour, Dan Awrey, Paul Davies, Luca Enriques, Jeffrey N. Gordon, Colin Mayer, Jennifer Payne. Principles of Financial Regulation. Oxford University Press. 2016
  • Marco Lamandini David Ramos Muñoz. EU Financial Law. CEDAM Kluwer. 2016
  • Niamh Moloney. EU Securities and Financial Markets Regulation. Oxford University Press. 2014

The course syllabus may change due academic events or other reasons.