Many large corporate and commercial transactions take place in Johannesburg, South Africa’s economic hub. The UJ Law Faculty is thus well placed to offer a highly relevant LLM in Commercial Law, drawing students from leading commercial firms. The team of lecturers involved, combine intellectual leadership and cutting-edge practical insight which is reflected in their teaching.
The Master’s in Commercial Law is a flexible qualification allowing a wide choice of modules that can be combined according to the interests and focus of each student. It can be completed in one year for full-time students and over two years for part-time students.
This qualification consists of a minor dissertation on a commercial law topic together with three taught modules selected from the following:
(i) Banking Law (first semester)
The module in Banking Law is designed to provide students with specialist knowledge regarding aspects of the law that are highly relevant in the banking sector. The module investigates the essence of central concepts such as “banking”, “money” and “payment”; provides a brief overview of the most important provisions of the Banks Act (the course having a distinct private-law orientation); investigates in greater detail the role of banks as payment intermediaries in various instruments of payment, including credit and debit transfers, letters of credit and documentary collections; similarly investigates the role of banks as guarantors in both accessory and independent guarantees and deals with various instances of bank liability arising from breach of contract, delict or undue enrichment. This module is presented by Professor Charl Hugo.
(ii) Company Law (first semester)
This module essentially deals with problematic aspects of corporate personality: the nature of legal personality and piercing the corporate veil; corporate capacity; corporate criminal liability; corporate social responsibility; corporate governance; directors’ duties and liability; shareholder protection; creditor protection; corporate groups and companies and the constitution. Specific aspects of South African company law are considered against a conceptual or theoretical basis. This module is presented by Professor Kathleen van der Linde.
(iii) Corporate Finance Law (second semester 2018)
In this module, the focus is on legal aspects of debt and equity financing and capital structure. In addition to being an essential part of large corporate transactions, corporate finance remains relevant in even the smallest company where control and capital structure are interdependent. The principles of share capital, authorised shares, consideration for shares and the issuing of shares are traversed. Distributions, including share repurchases, are considered in detail, along with financial assistance. Aspects of debt financing are covered. Attention is also given to the international debate on legal capital and on selected corporate governance aspects of corporate finance. This module is presented by Professor Kathleen van der Linde.
(iv) Corporate Insolvency Law (second semester)
The global financial crisis has heightened interest in, and seen an increase in calls for efficiency with respect to insolvency procedures. As a result, there is currently a high demand for law professionals with expertise in corporate restructuring and insolvency law. The emphasis of this module is mainly on corporate enterprise insolvency, paying special regard to the alternatives of business rescue and liquidation in covering both the formal law and the underlying principles and policies. The module also considers cross-border issues arising when a company’s assets and liabilities are located in multiple jurisdictions. This module is presented by Professor Juanitta Calitz and various guest lecturers.
(v) Credit Law (first semester)
The module Credit Law focuses on the National Credit Act, but the content of the course is not limited thereto. Certain common-law doctrines and basic as well as applied principles of the law of contract also form part of the curriculum. The module covers a variety of contracts such as ordinary money loans, mortgage agreements, instalment sales and leases of movables, secured transactions, suretyships, incidental credit agreements and others to the extent that they are regulated by the National Credit Act. The National Credit Act protects consumers in many ways, amongst others by prescribing the contents of contracts, by laying down rules for the enforcement of contracts and by providing mechanisms for consumers who are over-indebted to be declared as such and to have their debts rescheduled. The National Credit Act is one of the most important pieces of legislation in South Africa and has led to a large number of court cases and commentaries by writers.
(vi) General Principles and Individual Labour Law (first semester)
This module investigates general principles of labour law and evaluates the role and relevance of the contract of employment for the contemporary employment relationship. The rights and duties of employer and employee, and the termination of the employment relationship will be critically assessed. Aspects of social security affecting employees are also considered.
(vii) Intellectual Property Law (first semester)
This module deals with, amongst others, various aspects of goodwill, including in an extraterritorial sense, where overseas marks are adopted by local companies, and also residual goodwill; the interaction between common and statutory law, including the controversial issue of a right to use a mark; the registrability of marks, in particular the freedom of choosing a mark, and the impact of constitutional rights, as well as offensive marks; the functions of a trade mark, with particular reference to cases involving famous sport team and sport goods marks; dilution, which includes the issues of racial or sexual or drug related parodies, and the impact of the Constitution; concurrent and prior use of a trade mark; ownership of copyright in music, including the joint creation of musical works; limitations on the use of copyrighted works, including comparative advertising, adaptation of musical lyrics – for instance classic love ballads converted to rap versions – and whether that amounts to fair use; and aspects of IP and the Internet. The course is presented by Professor Wim Alberts.
(viii) International Commercial Law A (first semester)
This module deals with, amongst others, the role and nature of international commercial law; civil and commercial jurisdiction in various African countries (including South Africa), Australia, Brazil, Canada, the European Union, India and the United Kingdom (where EU law is not applicable); the recognition and enforcement of foreign judgments in various African countries (including South Africa), Australia, Brazil, Canada, the European Union, India and the United Kingdom (where EU law is not applicable) and the Hague Convention on Choice of Court Agreements. This module is presented by Advocate Eesa Fredericks and Professor Michael Martinek, our distinguished visiting professor from the University of Saarland, Germany.
(ix) International Commercial Law B (first semester)
Topics that are covered in this module include: Private international law of Contract, liberative prescription and property in:
a. national legal systems, including those of various African countries (including South Africa), Australia, Brazil, Canada, China, India, Japan, Russia, South Korea, Switzerland, Turkey and the United States of America.
b. regional and supranational instruments, including the Rome I Regulation and the Mexico City Convention.
c. international instruments, including the Hague Sales Conventions and the Hague Principles on Choice of Law in International Contracts.
This module is presented by Professor Jan Neels and Professor Michael Martinek, our distinguished visiting professor from the University of Saarland, Germany.
(x) Interpretation of Contracts (first semester)
This module focuses on practical and theoretical aspects of the interpretation of contracts. Topics to be investigated include the nature of legal interpretation; the relationship between the interpretation of contracts and other legal instruments; the Bill of Rights and the interpretation of contracts; admissibility of evidence in the interpretation of contracts; rules and presumptions of interpretation; presumptions of substantive law; the meaning of contractual terms; the use of language in contracts; and the plain language movement and consumer contracts. This module is presented by Professor Daleen Millard.
(xi) Securities and Financial Markets Law (second semester 2019)
Securities regulation is sometimes distinguished from the corporate law as having more of a public law character compared to the private law nature of corporate law. The topics included in this module are securities markets and approaches to their regulation; the regulatory framework and participants in financial markets, including stock exchanges and credit rating agencies; aspects of investor protection; market abuse; and takeovers and mergers. This module is presented by Professor Kathleen van der Linde.
(xii) Tax Law: Basic Principles (first semester)
Topics that will be covered include: an introduction to tax law and tax concepts, an overview of the South African tax system and the Income Tax Act 58 of 1962, an analysis of the general principles of determining taxable income entailing gross income, exemptions, allowable deductions and assessed losses, an introduction to the tax treatment of capital allowances and deductibility of assessed losses; an in-depth analysis of the tax principles applicable to trading stock; a detailed analysis of the taxation of companies, specifically taxation of dividends and corporate reorganisation transactions; an overview of tax rules applicable to special entities, such as partnerships, trusts, small businesses and micro businesses, and an analysis of the Eighth Schedule to the Income Tax Act on the taxation of capital gains. This module is coordinated by Professor Thabo Legwaila.
(xiii) Insurance Law
Refer to the insurance law brochure for more information.
Classes or seminars in the taught modules are presented in the evenings on weekdays from 18h00 to 20h00 (one seminar per week per module).
The next student intake will be in February
- In general, as a minimum admission requirement, students must have attained an average of 65% for the law subjects in their LLB degree.
Bursaries are available. Students who register for the first time in 2018 and complete their Master’s degrees within a period of two years, qualify for a reimbursement of their full tuition fees (excluding the registration fee and ICT levy), subject to certain terms and conditions. The Faculty reserves the right to not offer particular modules in a specific year.
Application forms and full details of the Faculty’s postgraduate programmes can be acquired by contacting the faculty:
Mrs. P Magongoa: Auckland Park Kingsway Campus
Tel: 011 559 3843 , Email: firstname.lastname@example.org , Web: www.uj.ac.za/law
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