This specialisation covers all theoretical and practical aspects in the field of banking and financial law. 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 also lectures on Banking and Securities Law of several European jurisdictions.
The programme benefits from the support of prestigious private and public partners. The proximity of the EU institutions and Luxembourg’s role as the leading financial centre for investment funds in Europe, make the Faculty an ideal place for gaining expertise in banking and financial law. With an option to further specialise in Collective Investment Schemes (CIS) during the last semester, students can further enhance their knowledge of the laws regulating Undertakings for Collective Investments in Transferable Securities (UCITS).
Why specialise in European Banking and Financial Law at the University of Luxembourg?
- Support of prestigious private and public partners, at the European and national level: the European Investment Bank, the European Investment Fund, the Ministry of finance, the Luxembourg Central Bank, the Securities Regulatory Commission, and the Insurance regulator, the Luxembourg Banking Business association, Luxembourg Stock Exchange, Arendt & Medernach, Bonn & Schmitt, Bonn Steichen & Partners, Elvinger Hoss & Prussen and Linklaters.
- Unique in Europe: Specialise in “Investment fund” during the second semester: The Collective investment schemes (CIS) option prepares 20 students for a legal career in the field of collective investment schemes or investment funds Law.
- Sharpen your English and French language skills, thanks to bilingual programme (specialised language training in legal English and French is offered by the University during the year).
- Selected lectures at the House of Finance (Goethe University Frankfurt). Moreover, a large amount of lectures and seminars are delivered by first-rate practitioners from above mentioned law firms chosen for their individual expertise.
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. With no other university offering legal training in CIS Law of comparable depth, the features of this program are unique in Europe.
Foreign students can return in their country to practice law. Students can also decide to stay in Luxembourg and 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.
Structure of Studies
1 year LL.M.
Qualified and motivated advanced law students are welcome at the University of Luxembourg and are encouraged to directly enter into the European Economic and Financial Criminal Law specialization. During the one-year Programme, each student will follow an established curriculum intended to give him or her in-depth knowledge of, and practical training in, European Economic and Financial Criminal Law. Applicants must have already successfully completed four years of law studies (Master/240 ECTS), including courses on criminal law and European Union law.
2 year LL.M.
Students not meeting the criteria for the 1-year LL.M. may apply for a 2-year LL.M., with the first year thereof being common to all LL.M. programmes offered by the University of Luxembourg. Students in that first year may choose courses from a variety of offerings in European, comparative, and international law. Applicants must have successfully completed three years of law studies (Bachelor/180 law ECTS) to be considered for the optional 2-year Programme.
The first semester program is dedicated to learning the basis of European banking and financial law. The second semester is dedicated to seminars and case based learning. Since 2012, students can choose, upon agreement of the direction of the program, to follow in the second semester an "Investment funds" track.
A selected number of students, upon availability, can take part free of charge in the high level "Islamic Finance Seminar" which takes place usually in March.
The program can be followed in one year or, upon agreement and for a limited number of participants, on a part time basis.
Around 25 students are admitted each year, with a maximum of 40. Applications are examined by a selection committee on a continuous basis. Admission is highly selective. Due to this stringent selection, the success rate of students is close to 100 %.
Excellent knowledge of English and French is required. The majority of lectures takes place in English. However, written exams can be answered either in English or in French. Crash courses in English and French are available, upon a fee, at the start of the semester.
The student body is highly international with usually more than 10 different nationalities, mostly but not exclusively European. Therefore, the atmosphere is strongly and uniquely international. Two students come from the Higher School of Economics (HSE) in Moscow, which is one of the best law schools in Russia.
This school offers programs in:
Last updated May 3, 2017