Courses

• LAW JD 998: Health Care Transactions (S)
  Partners, associates and general counsel from leading firms will discuss the deals they were personally involved in. After an introduction to joint venture theory and the regulatory context of health care, everyone in the class examines 2 transactions: a physician recruiting agreement and an ambulatory surgery center JV. The remainder of the course will involve 5 -- 6 complex health care transactions, using actual documents from recent deals. The transactions run the gamut from hospital M&A to biotech licenses. For the transaction you select, you will work in teams to analyze the deal, and will present your conclusions to the lawyers who closed it. Your final project will be a negotiation or drafting assignment drawn from class materials. PREREQUISITES: The course does not have pre-requisites, but Corporations and Health Care are suggested; if you select the biotech transactions, IP and FDA are suggested. NOTES: This class does not satisfy the upper-class writing requirement. GRADING NOTICE: This course does not offer the CR/NC/H option. **A student who fails to attend the initial meeting of a seminar (designated by an (S) in the title), or to obtain permission to be absent from either the instructor or the Registrar, may be administratively dropped from the seminar. Students who are on a wait list for a seminar are required to attend the first seminar meeting to be considered for enrollment.
• LAW LE 650: Legal English I
  This course will assist students in developing the English language communication skills necessary to succeed in BU Law's LLM programs and international legal practice. Part II of this course continues in the Spring Semester. Learning outcomes will be to acquire effective reading strategies, to enhance vocabulary skills, to practice listening, to write persuasively using appropriate grammar and revise work based on instructor feedback, and to develop oral fluency and accuracy and hone pronunciation. Students will work on expanding general English skills using course materials that incorporate legal content and deal with law-related issues, but are not legal sources per se.
• LAW LE 651: Academic Skills for U.S. Law Studies I
  This course will cover the study skills and strategies needed to succeed in an English-language law program in the United States. The focus will be on strengthening study skills and listening and speaking effectively. Students will work on listening strategies that will help them to handle lectures and discussions from various disciplines, including taking coherent notes and writing summaries of and responses to complex questions about the listenings. Students will also work on speaking strategies that will allow them to participate fully in academic life at law school, including interacting with classmates and professors, participating in class discussions, and giving effective oral presentations.
• LAW LE 652: Introduction to U.S. Legal Culture
  This course will provide a foundational understanding of general American legal concepts, history, culture, and profession, including professional responsibility. Students will engage in reading and classroom discussion of assigned materials (consisting of cases, articles, fiction, excerpts, etc) that will be supplemented by field trips to state and federal courts and other relevant venues.
• LAW LE 653: Legal English II
  Building upon Legal English I, this course further enhances student Legal English communication skills in listening, speaking, reading, and writing. Students continue to sharpen these skills with greater emphasis on legal materials and related substantive vocabulary.
• LAW LE 654: Legal Writing
  This course description is currently under construction.
• LAW LE 655: Persuasive Legal Advocacy
  Designed as a complement to the Legal Writing class, this course will develop students' persuasive advocacy skills through hands-on practice in oral and written communication, including effective presentation, listening, and writing skills. Through simulations and role plays, it will train students in the art of effective advocacy. We will focus on three major projects: (1) a law partnership negotiation, contract and presentation; (2) client counseling and written communications; and (3) a full-scale mock trial.
• LAW LE 656: Topics in American Law
  This course engages students around current legal topics to further develop their listening and writing skills. Topics include civil liberties, unlawful search and seizure, the right to privacy, gender discrimination, and prisoner's rights.
• LAW LE 657: Academic Skills for U.S. Law Studies II
  This course will teach foreign students skills for success inside and outside the law school classroom. The course will be divided into modules focusing on preparing for class, participating in class, studying for exams, and taking advantage of opportunities outside the classroom. Each class session will build on the terms and concepts covered during previous sessions. Briefing cases and summarizing materials in one's own words will be of central importance to the course. As effective communication is an essential skill for success in law school, students will be expected to complete frequent, short written assignments and participate actively in class discussion.
• LAW TX 901: Federal Income Taxation I
  This course presents a general introduction to the fundamentals of federal income tax, emphasizing issues common to individual taxpayers (but not including the federal income tax aspects of the acquisition, ownership, and disposition of property, which are the subject of Federal Income Taxation II). Topics include an overview of the federal tax system; gross income, inclusions, and exclusions; identity of the proper taxpayer; concepts and categories of deductions; and basic timing principles.
• LAW TX 902: Federal Income Taxation II
  Federal income tax aspects of the acquisition, ownership, and disposition of property. Topics include: 1.Realization and recognition, 2.Basis and amount realized, 3.The effects of debt (including its cancellation), 4.Depreciation and amortization, 5.At risk, not for profit, and passive activity loss deductibility limitations, 6.Capital gains and losses, related party transactions, quasi-capital assets and depreciation recapture, and 7.Deferred payment transactions (original issue discount and installment sales). Prerequisite or corequisite: Federal Income Taxation I.
• LAW TX 904: Estate and Gift Taxation
  Principle issues of estate and gift taxation. Topics include the definition of taxable gifts and exclusions and deductions; determination of the taxable estate of a decedent including problems with lifetime transfers; valuation issues; deductions from the taxable estate with special emphasis on property passing to a spouse; and transfers with retained interests. Reference is made throughout to planning issues relating to estate and gift taxation and is designed to give both a requisite background for those intending additional study of estate planning and a comfortable familiarity with the subject for those going on to other tax fields.
• LAW TX 905: ERISA Regulation of Retirement Plans
  Regulation of pension and profit sharing plans by the Internal Revenue Code and Employee Retirement Income Security Act, with particular attention to rules applicable to tax-qualified pension and profit-sharing plans, including rules governing the structure of benefits and taxation of contributions and distributions.
• LAW TX 906: Tax Aspects of International Business
  Tax aspects of international business transactions, both "inbound" and "outbound", with particular attention to fiscal jurisdiction, the foreign tax credit, allocation of income among affiliated companies, treaties, anti-abuse measures aimed at tax haven operations, information reporting and foreign investment in U.S. securities and real estate. Prerequisite or corequisite: Federal Income Taxation I.
• LAW TX 907: Tax Practice & Procedure
  Structure of the U.S. tax system; administration of the Internal Revenue Code by the Internal Revenue Service; ethics of tax practice and the regulation of tax practitioners; study of the administrative processing of tax returns; handling of audits, statutes of limitations, assessment of deficiencies and penalties, claims for refund, hearings before the Appeals Office, closing agreement, tax liens, tax collection procedures and civil and criminal aspects of tax fraud. Introduction to aspects of litigation in the Federal District Court, U.S. Court of Federal Claims, and U.S. Tax Court.
• LAW TX 913: Tax Law of Accounting Methods
  Examination of a broad range of subjects related to accounting methods and periods. Topics include principles of income recognition, prepaid income, claim of right, cash equivalency, and constructive receipt, special methods involving long-term contracts, depreciation, timing of deductions, estimated expenses, prepaid expense, expense versus capitalization, and conformity between tax and financial accounting. Prerequisite or corequisite: Federal Income Taxation I.
• LAW TX 917: Taxation of Financial Products: Policy and Theory
  This course explores the financial characteristics and income taxation of financial instruments, with an emphasis on both policy and theory. We start with the building blocks of debt and equity, move on to the "derivatives" level of options and notional principal contracts (swaps), and conclude with exotica such as currency products. In each instance we will first look at the financial characteristics of the security (after the fashion of an MBA offering in corporate finance), and then study the tax rules governing each class of instrument. Because discounting (net present value) and "pay off" diagrams are so central to an understanding of financial instruments, the course incorporates a rigorous study of these mathematical tools. Also, when studying the tax rules applicable to financial products, we focus on the fundamental building blocks of taxation -- amount, timing, character, and source -- to reveal underlying policy and theory tensions that go to the very root of our income taxation system. The course is intended to complement TX 949 Taxation of Financial Products: Principles and Application, and may be taken either prior or subsequent to that class or on a stand alone basis. Pre or Co-requisite: Federal Income Taxation I and II.
• LAW TX 918: Life Cycle of a Business Venture
  The federal income tax laws significantly affect the way a business venture proceeds through the various stages of its life cycle. This course will explore the federal income tax aspects of: i) choosing the proper form of entity (typically, C corporation, S corporation or LLC) to carry on a business, ii) forming the entity that will carry on the business and issuing equity interests (and rights to acquire equity interests) in the entity to founders and other service providers, iii)financing the entity with debt and equity, iv) reporting the results of the entity's operations, v) purchasing and leasing assets, vi) buying out owners, vii) selling the business. Co- and prerequisites: Federal Income Taxation I, Federal Income Taxation II, Introduction to Corporate Tax and Partnership Tax I.
• LAW TX 920: Tax Aspects of Buying and Selling a Business
  A comprehensive course on how business owners can buy and sell businesses with a minimum tax cost and maximum after-tax return. The strategies for selling a business are often implemented from the moment the business entity is originally formed. The course will examine the crucial strategies, from choice of entity, to conducting ongoing operations, to the correct way to change or restructure existing C corporations, S corporations and other entities. The course will also examine the best way to structure a sale of a particular business, based on both the form of legal entity and on the specific facts in a case. For example, the course will compare a sale of stock to a sale of assets; will compare a sale for cash to a tax free transaction or part-cash, part-stock transaction; and compare the differences between a sale with immediate payment versus a possible installment sale. Prerequisites: Federal Income Taxation I and Federal Income Taxation II.
• LAW TX 924: Corporate Reorganizations
  Income tax considerations relating to corporate tax free reorganizations including: review of the requirements for tax free treatment of acquisitive and time permitting divisive reorganizations; review of the tax treatment to all relevant parties to the transaction; consideration of special problems associated with certain types of reorganizations. Prerequisite: Introduction to Corporate Tax. Note: Limited enrollment.

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