ACADEMIC NEWS SUMMER 2009 IN THIS ISSUE • Professor Alastair Hudson examines the law of finance • The Society of Legal Scholars celebrate their centenary • Professor Rebecca M.M. Wallace discusses the diverse area that is international law • Professor Roger Kerridge explains why succession is such an important subject • We detail how the publishing process works • Plus, we showcase our 2009 textbooks for students SWEET & MAXWELL’S CLASSIC SERIES Providing students with the detailed and extensive coverage needed to achieve top marks TITLES INCLUDE: • Gower and Davies: The Principles of Modern Company Law • Schmitthoff’s Export Trade: The Law and Practice of International Trade • Treitel on the Law of Contract • Smith, Bailey & Gunn on the Modern English Legal System • Hanbury & Martin: Modern Equity • Wyatt & Dashwood’s European Union Law • Dennis: The Law of Evidence • Cretney’s Principles of Family Law • Cornish & Llewelyn Intellectual Property: Patents, Copyright, Trade Marks and Allied Rights • Morris: The Conflict of Laws • Lloyd’s Introduction to Jurisprudence • Winfield & Jolowicz on Tort • Craig: Administrative law • Hudson: The Law of Finance • Megarry & Wade: The Law of Real Property REQuest YOUR inspectiON COPIES TODAY VISIT www.sweetandmaxwell.co.uk/academic EMAIL [email protected] CALL The Inspection Copy Hotline +44 (0) 20 7393 7293 Complete and post back the inspection copy request form ACADEMIC NEWS SUMMER 2009 ACADEMIC NEWS Welcome to the Summer 2009 issue of Academic News from Sweet & Maxwell – bringing you news from the legal world, by way of informative articles. In this issue: We look at how the law of finance is the bedrock of financial practice and why you should review the latest new work on the subject by Alastair Hudson. This year, the Society of Legal Scholars is celebrating one hundred years of legal scholarship. Find out who they are, what they do, and why you should join them. Rebecca M.M. Wallace discusses the diverse area that is international law, while Roger Kerridge argues why succession is such an important subject. We detail how the publishing process works and importantly, we detail the many new textbooks publishing for the 2009-2010 academic year – all of which are available on inspection. I hope you find this issue ofA cademic News informative and interesting. If you have any comments or suggestions, you can contact me at the address below. Enjoy reading! Samantha Siddle, Editor, Academic News, Sweet & Maxwell 100 Avenue Road, London NW3 3PF OUT 1ST EDITION NOW CONTENTS The law of finance: the bedrock of financial practice by ProfessorA lastair Hudson ...4-5 OUT The Society of Legal Scholars: celebrating one hundred years of legal scholarship13TH ....... EDITION6 NOW International law: a diverse and ever changing area of law by Professor Rebecca M.M. Wallace ...............................................................................8-9 Key 2009 academic titles .............................................................................................NEW10-13 2ND OUT The importance of succession by Professor Roger Kerridge ......................................EDITION14-15 NOW Why publish with Sweet & Maxwell .................................................................................. 16 The WIPO journal: call for papers ......................................................................................NEW 2ND17 Key services from Sweet & Maxwell ..................................................................................EDITION18 ESSENTIAL FOR LAW STUDENTS OUT 5TH EDITION NOW OSBORN’S CONCISE LAW DICTIONARY 1ST EDITION OUT Edited by Mick Woodley NOW • For over 80 years Osborn’s has been the essential concise dictionary of legal terms for students NEW 11TH OUT NOW • Offers comprehensive coverage including an extensive listing of journals, law EDITION reports and their abbreviations • Contains over 4,700 references from the obscure to the everyday • Provides speedy access to a mass of technical terms and phrases in both English and European law ISBN: 978-1-847-03308-6 • Takes all entries beyond definitions and basic context with extensive legal referencing to provide a solid basis for further research PRICE: £11.95 PUBLISHING: MARCH 2009 Available for students to buy from www.amazon.co.uk, www.hammickslegal.com and all good bookshops ACADEMIC NEWS SUMMER 2009 THE LAW OF FINANCE: THE BEDROCK OF FINANCIAL PRACTICE Sweet & Maxwell’s Classic Series has long been renowned for providing students with the detailed and extensive coverage needed to achieve top marks. With 100 supporting podcasts and essays, The Law of Finance by Alastair Hudson provides everything students need to excel in the subject. In the following article, Alastair explains why you should consider adding it to your reading list. THE ROLE OF THE law OF FINANCE law principles with the principles of financial regulation. The law of finance is in its infancy.The Law of Finance by This financial regulation has its roots in EU law as Alastair Hudson attempts to describe its core principles implemented by the Financial Services Authority. and to map it out. It is very easy to be befuddled by The book considers the fascinating ways in which financial jargon and the pace of change in financial substantive law and financial regulation inter-act, as well markets. However, as future practitioners, students must as taking each market sector in turn and considering how know and understand the bedrock of the law before they the law applies to it. The work provides a detailed analysis consider how it inter-acts with the river of financial activity of the law of finance which can be taught and understood which washes over it every minute of every day. as a discrete legal field, as opposed simply to presenting The depth of the crisis that engulfed the world’s financial a description of documentation practices or an account system in 2007-09 demonstrates that the law of finance of regulatory principles. There is also discussion of the must be a code of legal principle first and a tool for financial crisis and its likely aftermath. financiers second.A coherent law of finance is needed to The book is divided in half between “General Principles” do this to protect the banks, customers and the broader of the law of finance and “Specific Financial Techniques” economy alike. Up to now there has not been anything which applies those principles to particular kinds of which could realistically be thought of a coherent field of market activity. The effect is a combined analysis of finance law. But as many financial products have become fundamental legal concepts with the detail of financial better known and as financial regulation has developed, regulation and of the structure of financial products. it is possible to start the job of defining that field now. When describing the law of finance we must do so using established legal concepts instead of simply using financiers’ ever-changing ideas to create models into which we attempt to shoe-horn legal concepts. Much financial market innovation is in fact the adaptation of well-known ideas for a new purpose: for example, securitizations are effectively old-fashioned debt factoring, equity options are at root the same as old-fashioned options to buy land, and so on. So, lawyers need to understand these financial instruments in legal terms. The established legal concepts of contract, property, equity, tort, criminal law and so forth are able to meet the challenge of describing financial markets. Financial innovation is not something impossible for students and qualified lawyers to understand: any suggestion to the contrary is either hubris or cowardice. For any student of law, knowledge of core legal principles applied to the context of financial market activity will make the study of the law of finance not only possible, but also creative and highly rewarding. EVERYTHING YOUR STUDENTS NEED The Law of Finance was created to provide a comprehensive account of the law of finance (over 1,400 pages) which marries a discussion of substantive 4 www.sweetandmaxwell.co.uk/lecturers-students ACADEMIC NEWS SUMMER 2009 SWEET & MaxwELL’S ClaSSIC SERIES Providing students with the detailed and extensive coverage needed to achieve top marks. Titles include: • Gower and Davies: The Principles of Modern EXTENSIVE COmpaNION WEBSITE Company Law Teachers and students of the subject also benefit from the extensive range of supporting materials which • Schmitthoff’s Export Trade: The Law and Practice accompany the book and can be found on my website: of International Trade www.alastairhudson.com. Podcasts and vidcasts which • Treitel on the Law of Contract will be posted during the summer of 2009 cover the • Smith, Bailey & Gunn on the Modern English core elements of a finance law course, discussing the key Legal System issues in finance law and explaining finance terminology. “Course Documents” comprise of a range of material to • Hanbury & Martin: Modern Equity support the teaching of the subject. • Wyatt & Dashwood’s European Union Law In addition, the website includes links to other • Dennis: The Law of Evidence useful websites, as well as to regulatory material. • Cretney’s Principles of Family Law As developments occur throughout a year, so the website is updated so that lecturers can be secure in • Cornish & Llewelyn Intellectual Property: Patents, the knowledge that their students have the very latest GET YOUR FREE COpy Copyright, Trade Marks and Allied Rights You can