LL4F1      Half Unit
Secured Financing in Commercial Transactions

This information is for the 2016/17 session.

Teacher responsible

Prof Michael Bridge NAB6.21


This course is available on the Master of Laws and Master of Laws (extended part-time study). This course is available with permission as an outside option to students on other programmes where regulations permit.

This course is capped at 30 students. Students must apply through Graduate Course Choice on LSEforYou.

Course content

An examination of the proprietary and security aspects of commercial transactions. This course considers the significance of property and the special protection the law affords to proprietary interests (mainly in movable property). It examines various types of commercial transactions involving the transfer of property, the use of property, the taking of security and certain quasi-security transactions having a similar effect to security. It explores the different types of security and other transactions that may be available in the context of various types of asset, as well as priority issues when there are conflicting interests. The course will also consider proposals for reforming the law and alternative approaches that might be taken. The course is based upon the principles of English law but reference may also be made to other systems of law and to international initiatives sponsored by Unidroit and UNCITRAL.


20 hours of seminars in the MT. 2 hours of seminars in the ST.

There will be a reading week in week 6. 

Formative coursework

One 2,000 word essay.

Indicative reading

A detailed reading list will be distributed during the course. For preliminary reading on the basic principles see M Bridge, Personal Property Law (3rd Edn.) (especially chapters 6-7); M Bridge, The English Law of Real Security [2002] European Review of Private Law 483-508, and E McKendrick, Goode on Commercial Law (4th Edn) (especially chapters 22-25).


Exam (100%, duration: 2 hours, reading time: 15 minutes) in the main exam period.

One two-hour open book examination paper.

Key facts

Department: Law

Total students 2015/16: 23

Average class size 2015/16: 22

Controlled access 2015/16: Yes

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

  • Communication
  • Specialist skills