Deregulation of the financial system and statute law relating to banks and other financial institutions. The payments system, electronic banking and the law governing negotiable instruments and cheques. Legal definitions of 'banker' and 'customer', the relationship between the parties and their super-added obligations and reciprocal duties. Bank's duty of secrecy, right to combine accounts, the lien, bank opinions, garnishee orders and Mareva injunctions and how the banker-customer relationship is terminated. Bank lending and securities. Branch banking and law governing bank staff. -- Course Website
Prerequisites: LAW1100 or LAW1101 and LAW1102 or LAW1104; LAW2100 or LAW2101 and LAW2102