Specialisation in International and European Commercial Law
The compulsory courses (12 ECTS Credits) for students choosing International and European Commercial Law (ICL) in addition to the 12 ECTS of the common core courses are:
• International Investment Law: Substantive and Procedural Aspects (4 ECTS credits): The first part of this course gives a broad introduction to the general framework for foreign direct investment (FDI) and Multinational Enterprises (MNE), in particular by studying key questions resulting from bilateral investment treaties (BITs) and multilateral initiatives such as NAFTA Chapter 11 of the OECD's project for a Multilateral Investment Agreement (MAI). It concentrates on the substantive law in this field (fair and equitable treatment, full protection and security, rules relating to expropriation etc.). The course includes an overview over recent case-law in the area. whereas the second part deals mainly with International Investment Arbitration. It gives an introduction ot the dispute settlement with regard to foreign direct investment (FDI) and Multinational Enterprises (MNE). It concentrates on the relevant topics in arbitral proceedings, in particular investor-State arbitration (definitions and coverage of important agreements, arbitral institutions, questions relating to the establishment and functioning of investor-State arbitral tribunals), such as contained in bilateral investment treaties (BITs) and multilateral initiatives such as NAFTA Chapter 11 of the OECD's project for a Multilateral Investment Agreement (MAI). Particular emphasis is given to ICSID and the UNCITRAL Rules in the specific context of FDI. The course includes an overview over recent case-law in the area.
• European and International Competition Law (2 ECTS credits): The course will on a comparative legal basis deal with problems related to what states could and should do in order to promote a competitive environment for their industries/businesses and to what the European Union does againts anticompetitive agreements, abuse of market power, and anticompetitive mergers. It wil also deal with recent developments in Competition Law such as the so called "more economic approach".
• International Merges and Acquisitions (2 ECTS credits): In this intensive short course, students will be exposed to the most important elements of a typical merger-and-acquisition transaction involving a publicly traded target company. The course will take an interactive, practical approach, and will center on a hypothetical M & A scenario. This real-world scenario will be used to illuminate the legal and practical context in which mergers and takeovers are negotiated, the core contractual provisions of merger agreements, the interests of the various constituencies involved and the dynamics of balancing those interests, and the relevance of key legal principles to the strategic and tactical business decisions that must be made in the course of a fast-moving M & A transaction.
• International Taxation (2 ECTS credits): International Taxation is a vital issue for a growing number of businesses and individuals across the world. The need to understand how the international system of taxations works is therefore a subject of importance to many futur practitioners.
• International Corporate Governance (2 ECTS credits):A clearly structured and fully implemented corporate governance system is Siemens highest priority. Corporate Governance is the basis for all our decision-making and control processes and comprises: responsible, value-based management and monitoring focused on long-term success goal-oriented and efficient cooperation between the Managing and Supervisory Boards respect for the interests of our shareholders and employees and other stakeholders transparency and responsibility in all our entrepreneurial decisions and an appropriate risk management system.