Master 2019/2020

Trusts and Their Use in International Commercial Transactions

Category 'Best Course for Career Development'

Category 'Best Course for Broadening Horizons and Diversity of Knowledge and Skills'

Category 'Best Course for New Knowledge and Skills'

Type: Elective course (Lawyer on the Global Financial Market)

Area of studies: Law

Delivered by: Higher School of Law and Administration

Where: Higher School of Law and Administration

When: 1 year, 3, 4 module

Mode of studies: offline

Master’s programme: Lawyer on the Global Financial Market

Language: English

ECTS credits: 4

Contact hours: 32

Course Syllabus

Abstract

A trust is a three-party fiduciary relationship in which the first party, the trustor or settlor, transfers ("settles") a property (often but not necessarily a sum of money) upon the second party (the trustee) for the benefit of the third party, the beneficiary. Trusts have existed since Roman times and have become one of the most important innovations in property law. Trust law has evolved through court rulings differently in different states, so statements in this article are generalizations; understanding the jurisdiction-specific case law involved is tricky. Some U.S. states are adapting the Uniform Trust Code to codify and harmonize their trust laws, but state-specific variations still remain

Learning Objectives

• The objective of the course is to provide students with an overall understanding of the law of equity with special emphasis on fiduciary obligations, trusts, equitable assignment of propoerty and equitable remedies. The course will consider the history of equity, basic principles which dominate its jurisprudence and the relevance of equity today; the nature of fiduciary obligations, recognised categories of fiduciaries and the extension of these categories in recent times, breach of fudiciary obligations, defences and remedies for the breach of fiduciary obligations; the requirements for express trusts, the liability of a third party to a breach of trust or fiduciary duty, and the remedies for breach of trust and fiduciary duty, including tracing. The course then shifts its focus to equity more generally by considering the equitable rules for assignment of property and the remedies of specific performance and injunctions.

Expected Learning Outcomes

• to know relevant and key problems in the field determined by the relevant master's program; be able to use legal knowledge to solve socio-economic problems; own methods of applying legal knowledge in the course of lawmaking and expert assessment of regulatory legal acts;
• Able to collect, process and interpret data necessary for forming judgments on various types of problems based on their legal analysis
• Able to identify the needs and interests of society and its individual groups, propose mechanisms for their coordination with each other with legal arguments
• Trusts and their use in international commercial operations

Course Contents

• Topic 1.History
  History
• Topic 2. Significance
  Significance
• Topic 3. Principles
  Principles
• Topic 4.Purposes
  Purposes
• Topic 5. Types
  Types

Assessment Elements

• Workshop activity
• Oral exam
  Экзамен проводится в устной форме (опрос по материалам курса). Экзамен проводится на платформе Skype (https://www.skype.com/). К экзамену необходимо подключиться согласно расписанию ответов, высланному преподавателем на корпоративные почты студентов накануне экзамена. Компьютер студента должен удовлетворять требованиям: наличие рабочей камеры и микрофона, поддержка Skype. Для участия в экзамене студент обязан: поставить на аватар свою фотографию, явиться на экзамен согласно точному расписанию, при ответе включить камеру и микрофон. Во время экзамена студентам запрещено: выключать камеру, пользоваться конспектами и подсказками. Кратковременным нарушением связи во время экзамена считается нарушение связи менее минуты. Долговременным нарушением связи во время экзамена считается нарушение минута и более. При долговременном нарушении связи студент не может продолжить участие в экзамене. Процедура пересдачи подразумевает использование усложненных заданий.

Interim Assessment

• Interim assessment (4 module)
  The final score on a 10-point scale is made up of the resulting score, obtained by the weighted average formula, taking into account the entered weights. Final score = Workshop act. score * 0.5+Exam score * 0.5

Bibliography

Recommended Core Bibliography

• Benoliel, U. (2017). The Interpretation of Commercial Contracts: An Empirical Study. Alabama Law Review, 69(2), 469–493. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=asn&AN=126916720
• Calavros, C. (2018). The application of substantive mandatory rules in International Commercial Arbitration from the perspective of an EU UNCITRAL Model Law jurisdiction. Arbitration International, 34(2), 219–240. https://doi.org/10.1093/arbint/aiy005
• Kubilay Yado, A. (2013). Think Tanks : The Brain Trusts of US Foreign Policy. Wiesbaden: Springer VS. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=618323

Recommended Additional Bibliography

• Davies, I. (2019). Issues in International Commercial Law. Abingdon, Oxon: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2154876
• Harris, P., & Oliver, D. (2010). International Commercial Tax. Cambridge, UK: Cambridge University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=324020