Master en droit financier européen et international - LL.M (académique)

Deuxième année (semestres 3 & 4) : Filière Droit bancaire et financier européen

 

Direction

The program is directed by Professor Pierre-Henri Conac .
Professor Isabelle Riassetto is in charge of the Investment fund specialisation option in the fourth semester.  

Content of the program

The specialisation in European Banking and Financial Law of the Master in European and International Financial Law (LL.M) was established in 2007. It offers a high level curriculum which covers both the theoretical and the practical aspects of this subject. The programme benefits from the support of prestigious private and public partners, at the European and national level. The proximity of the European Union institutions in Luxembourg and the presence of a major and dynamic financial centre, open to Europe and the World, make Luxembourg an ideal place for gaining expertise in banking and financial law, an experience which will be appreciated in all of Europe. Luxembourg is also the first European financial centre for investment funds.

European law is taught both as a subject matter (European Securities Law, European Banking Law, European Investment Funds Law, European Company Law) but also on a comparative basis. The programme includes lectures on Banking and Securities Law of several European jurisdictions (Luxembourg, France, Germany, Italy and Switzerland), which are delivered by academics of excellent level from the best European Universities (Paris 1 Panthéon-Sorbonne, Paris 2 Panthéon-Assas, Geneva, Johann-Wolfgang Goethe University). These lectures are designed to provide students with a general view of specific rules applicable   in several European jurisdictions. With the same goal in mind, given the international nature of financial law, the programme includes a lecture on American Securities Law, Chinese securities law and a lecture on Islamic Finance, delivered by an academic from the Lebanese University (Beirut).

First-rate official partners

The specialisation benefits from the support of two major European banking institutions located in Luxembourg: the European Investment Bank and the European Investment Fund .   The degree receives also the support of several Luxembourg public institutions, whose members teach in the Master: Ministry of finance , Luxembourg Central Bank , Securities Regulatory Commission , and the Insurance regulator . The specialisation further benefits from the official support of the Luxembourg Banking Business association ( Association des Banques et des Banquiers , Luxembourg), which is the professional organisation of the banking institutions in Luxembourg .

Finally, the specialisation in European Banking and Financial Law of the Master in European and International Financial Law LL.M is able to benefit from the support of the Luxembourg Stock Exchange and five prestigious law firms which rank among the very best of the Luxembourg financial centre and whose activities are highly international: the law firm of Arendt & Medernach , the law firm of Bonn & Schmitt , the law firm of Bonn Steichen & Partners , the law firm of Elvinger Hoss & Prussen and the law firm of Linklaters .

Therefore, a large amount of lectures and seminars are delivered by first-rate practitioners from these law firms chosen for their individual expertise. The support from these partners guarantees the students that they get acquainted with the latest financial techniques.

Investment fund specialisation

The option Collective investment schemes (CIS) , is a track of the Master in European and International Financial Law ’s specialisation in European Banking and Financial Law second semester. It prepares 20 students for a legal career in the field of collective investment schemes or investment funds Law.

This option provides students with a full training in UCITS Law together with European Law, Luxembourgish Law and specific further questions (notably tax Law, rules of good conducts, etc.) and a good measure of comparative Law.

With no other university offering legal training in CIS Law of comparable depth, the features of this program are unique in Europe .

Employment perspectives

Foreign students can return in their country to practice law. Students can also decide to stay in Luxembourg. Students can work in a financial institution in Luxembourg. In order to work in a Luxembourg law firm, students will need to take the Luxembourg bar exam. Preparation to the bar exam starts in October and last around 6 months. More information on the preparation ( Cours complémentaires en droit luxembourgeois or CCDL ») can be found at:   http://www.mj.public.lu/professions/avocat/stage_judiciaire/index.html .

Students, who are already lawyers in their home jurisdiction, when it is a Member State of the European Union, do not have to take the Luxembourg bar exam.

In general, students have no problem to find a highly qualified job in Luxembourg. The level of compensation in Luxembourg is competitive compared to other countries.

Students can also decide to start a PhD. Positions are available on a regular basis.

External sources of information

External information on the specialisation in European Banking and Financial Law of the Master in European and International Financial Law can be found, for instance, on LLM Guide at this link:

http://www.llm-guide.com/university/580/universite-du-luxembourg-university-luxembourg