LLAW6002 & JDOC6002

General Course Information

1.1 Course details

Course code: LLAW6002 / JDOC6002
Course name: Credit and Security Law
Programme offered under: LLM Programme / JD Programme
Semester: Second
Prerequisites / Co-requisites: Students should be competent in the law of contract or obligations, and have an understanding of company law, in each case demonstrated by one of the following:

  • Completed undergraduate (or equivalent) course(s); or
  • Substantive experience in banking or finance
Credit point value: 9 credit / 6 credits

1.2 Course description

This course is led by Kingsley Ong, a practising solicitor in Hong Kong, who is consistently rated as one of Hong Kong’s leading lawyers in finance and insolvency. Legal directories have described him as a “pre-eminent practitioner” (Legal 500) and “revered for his ability to advise on complex financial structures” (Chambers).

Credit and security are the foundations of all types of debt financings. The modern economy is driven by debt. The amount of new debt determines the amount of money that is released into the economy. This in turn stimulates various sectors of the economy, such as construction, communication, manufacturing, etc. In order to facilitate new debt, every modern economy requires a robust legal framework to give investors certainty of credit protection and the enforceability of their security.  Without credit and security, the whole global financial system would collapse.

In a market downturn, knowledge of credit and security is even more valuable for lawyers and other market participants.

The course will cover both the theoretical and practice aspects of credit and security, develop a good understanding of different types of financial instruments and structures in the market, insolvency and debt restructuring techniques, and how the legal concepts in credit and security apply in each case.

The course will give students interested to acquire knowledge in this area a valuable opportunity to learn from an experienced practitioner.

1.3 Course teachers

Name E-mail address Office Consultation
Course convenor Kingsley Ong kingsleyong1@gmail.com or ongk@hku.hk N/A By email or after each class
Course convenor Paul Lejot plejot@hku.hk CCT 304 1430–1830 Tues–Fri by email appointment

Learning Outcomes

2.1 Course Learning Outcomes (CLOs) for this course

CLO 1 Develop a good understanding of different types of financial instruments in the market.

CLO 2 Understand the legal fundamentals of credit and security law.

CLO 3 Ability to apply theoretical knowledge to practical problems, and prepare students for a career in finance law.

2.2 LLM and JD Programme Learning Outcomes (PLOs)

Please refer to the following link:

LLM – https://course.law.hku.hk/llm-plo/

JD – https://course.law.hku.hk/jd-plo/

2.3 Programme Learning Outcomes to be achieved in this course

PLO A PLO B PLO C PLO D PLO E PLO F
CLO 1
CLO 2
CLO 3

Assessment(s)

3.1 Assessment Summary

Assessment task Due date Weighting Feedback method* Course learning outcomes
Oral presentation Apr 2023 30% 1, 5 1, 2
Take home exam May 2023 70% 1, 3, 5 1, 2
*Feedback method (to be determined by course teacher)
1 A general course report to be disseminated through Moodle
2 Individual feedback to be disseminated by email / through Moodle
3 Individual review meeting upon appointment
4 Group review meeting
5 In-class verbal feedback

3.2 Assessment Detail

To be advised by course convenor(s).

3.3 Grading Criteria

Please refer to the following link: https://www.law.hku.hk/_files/law_programme_grade_descriptors.pdf

Learning Activities

4.1 Learning Activity Plan

Seminar: 3 hours / week for 11 teaching weeks
Private study time: 9.5 hours / week for 11 teaching weeks

Remarks: the normative student study load per credit unit is 25 ± 5 hours (ie. 150 ± 30 hours for a 6-credit course), which includes all learning activities and experiences within and outside of classroom, and any assessment task and examinations and associated preparations.

4.2 Details of Learning Activities

To be advised by course convenor(s).

Learning Resources

5.1 Resources

Reading materials: Reading materials are posted on Moodle
Core reading list: TBA
Recommended reading list: TBA

5.2 Links

Please refer to the following link: http://www.law.hku.hk/course/learning-resources/