10 In the cluster ‘Economic Governance’ you will study several aspects of economic regulation. This includes the European Union’s approach in this field, and how it combines government interventions with private initiatives. The interaction between the EU institutions, national legislators, regulators, businesses and other stakeholders is also covered, as well as the approach in specific sectors of the economy. Furthermore, you will learn about international trade law with a focus on the WTO, trade defence instruments, free trade agreements and methods of dispute settlement. In international investment law you will look into principles of protection and substantive standards and investor-state dispute settlement. You will also consider the role and competence of the EU in this field. Finally, the course on intellectual property law shows how this field affects economic regulation, taking into consideration both its business and public governance context. Within the cluster ‘Commercial Transactions & Disputes’ you will focus on the different approaches of and on the law applicable to commercial transactions. You will learn about the extent to which parties can navigate between legal systems, with respect to both substantive law and dispute settlement. You will tackle dispute settlement questions, such as: Should parties opt for court proceedings, arbitration or mediation and what are the consequences of these choices? You will consider what the international effect of the resulting judgment, award or agreement is. You will study the methods and potential of private and business law harmonisation at a European and international level. The focus will be on key domains of private law such as contract law (with a specific focus on choice of law, sales law, transport law, and consumer law). You will learn to map contract chains and identify resource gaps. You will examine international insolvency, including the question of enterprises
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