International Transactions ClinicThe International Transactions Clinic (ITC) does good by doing deals. The ITC concentrates on teaching students skills that are critically important to their professional development as they enter into practice areas that involve international transactions. The transactional work of the ITC is focused on negotiating and documenting cross-border deals, particularly in emerging markets. This includes developing drafting and negotiation skills as applied to cross-border transactions, exposure to ethical issues that arise in the international commercial context, structuring and documenting investments in enterprises that primarily work in emerging markets, and an understanding of international economic and financial policy. The ITC is a full-year clinic with four credits per semester. The fall term is pass-fail; and the winter term is letter graded.Students are strongly encouraged to participate in the ITC for at least two semesters so as to allow them to provide legal support in the negotiation and documentation of multiple international transactions. To the greatest extent possible, students will have significant client exposure in the course of working on transactions, although in some cases due to the international context of these transactions such client exposure may be "virtual" making use of email, skype, and other means of electronic communication. The ITC also makes use of practicing attorneys to help supervise the work of its student clinicians. These practicing attorneys also may be physically remote from the students.The ITC clientele is very diverse. It ranges from not-for-profit organizations to for-profit organizations, from start-ups to well-established businesses, and from social enterprises to impact investors. What all of the ITC clients hold in common, however, is an international focus and a passion to change the world for the better. This diversity also means, however, that not every project of the ITC will meet the New York bar pro bono requirement. Students wanting to satisfy that requirement through their participation in the ITC should make that preference known to the ITC Director before first client assignments are made in the fall.The Clinic does not fulfill the Law School's professional responsibility requirement for graduation. The Clinic does not fulfill the New York State Bar ethics requirement unless students also simultaneously enroll in 402 Ethics Colloquium section 002.
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