LLM Law and Finance in Emerging Markets

Students contributing in a seminarModule leader: Dr Rilka Dragneva-Lewers

This module focuses on the role of law and legal institutions for economic development and financial system development. It examines the problems of setting up strong rule of law institutions and specifically, the development of effective property rights regimes, investor and creditor rights protection and enforcement in relation to securities and credit markets development.

The module deals with topical issues, such as access to finance in relation to the Millennium Development Goals, microfinance, and bottom-up approaches to development. The discussion also includes the role of multilateral institutions, such as the World Bank and the IMF, in promoting legal reform, rule of law and good governance in developing and transition countries, as well as the various domestic factors for legal transplant effectiveness (politics, informal/customary norms, etc).

Methods of assessment

Modules on the LLM programmes will be assessed in one of the following ways. As this website is set up in advance, it is not possible to specify which method of assessment will be implemented for each module.


  • One 6000 word essay


  • One 3-hour written examination  

If you'd like to find out how a module will be assessed in the forthcoming academic year please contact the LLM Programmes Administrator at Law-LLM@contacts.bham.ac.uk.



Modules and Courses are constantly updated and under review. As with most academic programmes, please remember that it is possible that a module may not be offered in any particular year, for instance because a member of staff is on study leave or too few students opt for it. The University of Birmingham reserves the right to vary or withdraw any course or module.