An LLM in Commercial Law will look at the regulation of commercial affairs on a local, national and global scale; financial and tax management; expansion; joint ventures; and generally maximising efficiency, profit and growth. Master of Laws in Commercial Law have a global content, and they will usually include the following core subjects; investments, capital markets, mergers and acquisitions, corporate finance, corporate governance and company law. Many LLMs in Commercial Law will also cover securities, arbitration/dispute resolution, contract, insolvency and tax; competition law and intellectual property also feature in most programs of this kind.
An LLM in Commercial Law will generally put more emphasis on trade and transactions than an LLM in Business Law, although the two terms are often used interchangeably and the two disciplines are very similar.LLM (Master of Laws) in Commercial Law
1 year of full time study
2 years of part-time study
10+ areas of specialisation
The majority of universities in the UK that provide law courses or have a law/business school run LLMs in some aspect of business or commercial law. This gives you a great deal of choice – depending on where you prefer to study and if you want to specialise in a particular field. In the UK the University of Glasgow offers an LLM in International Commercial Law, as does Anglia Ruskin University. Meanwhile the University of Herfordshire has plenty of Commerical Law study options. This field also has as an extensive amount of published work around it.
Outside of the UK, there are plenty of opportunities for studying Commercial and Business Law in institutions in the United States (for example, International Organizations at the Washington College of Law). The Robert H McKinney School of Law at Indiana University in Indianapolis has an excellent LLM in Corporate and Commercial Law study option.
To study a Master of Laws in Commercial Law, universities usually require the student to hold a bachelor degree in law or a related field to a grade of 2.1. In some circumstances a lower grade may be considered, especially if the student also holds some relevant work experience. IELTS (or equivalent) scores of 6.5–7.0 are usually needed. Because of ongoing changes in the law we advise international students to regularly check the UKBA website to make sure they can fulfil the necessary requirements. Most individual institutions also have useful information on the Tier 4 requirements for international students, and can offer assistance in terms of student queries about their specific English language requirements. Click here to find out more about English Language requirements for International Students.
Many Masters of Laws in Commercial Law graduates go on to land jobs with large law firms almost immediately upon completion of their program. For instance Pksana Polishchuk, a University of Westminster LLM graduate worked with a famous Pink Floyd musician while specialising in Intellectual Property Law. In addition, she got the opportunity to broaden her knowledge in readiness for future career objectives.
She says: “The opportunity for studying modules from other LLM courses, which had relevance to the core course was also really appealing. On the course, I broadened my understanding of international commerce, INCOTERMS, multinational corporate entities and international commercial litigation. The subject of E-Commerce was totally new for me. Understandably, it helped enhance my overall knowledge of Commercial Law and provided me with the most up-to-date developments on the topic.”
Banking and Finance
Corporate and Commercial Law practice
National and International Trade
The Public Sector
1. When FedEx was nearly bankrupt, its founder gambled the only $5,000 to its name and won $32,000. Its worth is now approximately $30 billion.
2. Google was almost sold for $1 million to Excite, a web portal, but the latter pulled out.
3. Apart from electronics and smartphones, Samsung’s other products include life insurance and weapons.
4. The third Apple founder, Ronald Wayne, sold his stake in the company at $800 only. The 10% ownership of the company which he surrendered would be now worth $35 billion.
5. The copyright to world-famous ‘Happy Birthday’ is owned by Warner Music and you should, therefore, give it its dues whenever you belt out the tune.
Boyle and Birds' Company Law by A J Boyle and J Birds
Principles of Commercial Law by Ian Turley
International Commercial Arbitration: Developing Rules for the New Millennium by Martin Odams De Zylva and Reziya Harrison
International Commercial Arbitration: An Asia-Pacific Perspective by Simon Greenberg, Christopher Kee, J. Romesh Weeramantry