Principles of International Financial Law

• The only in-depth analysis of the principles underlying financial law, for example, the legal character of an obligation to pay money or the nature of a fiduciary duty
• Aids prediction of the reasoning courts will apply in cases where there is no specific guidance in precedent through clear discussion of the fundamental principles
• Essential reading for those dealing with innovative products and structures, where command of underlying concepts and developments is vitally important
• Covers other common law centres, as well as the UK, especially Hong Kong, Singapore and Sydney

International financial law is a conceptually complex subject, with many transactions affected by the law of more than one country. This book provides a clear guide to the principles underlying common law financial transactions and the rules applied to them which have developed from a number of different practice areas. An understanding of these principles is necessary for lawyers to predict the reasoning the courts will apply in the case of disputes. It is also critical for those who are developing new financial products or security structures. The book will cover a number of separate topics, which fall into two categories, firstly concepts that underpin areas of legal rules, for example the legal character of an obligation to pay money, or the nature of a fiduciary duty, and secondly explanation of the evolution of particular legal structures, where an understanding of the structure is crucial to the practical task of using it such as the development of the legal structure of tradable bonds.

Readership: Students of banking and finance law, especially those studying capital markets and corporate finance