LL431E      Half Unit
Takeover regulation in the UK and US

This information is for the 2016/17 session.

Teacher responsible

Prof Robert Kershaw NAB7.16

Availability

This course is available on the Executive LLM. This course is not available as an outside option.

This course will be offered on the Executive LLM during the four year degree period. The Department of Law will not offer all Executive LLM courses every year, although some of the more popular courses may be offered in each year, or more than once each year. Please note that whilst it is the Department of Law's intention to offer all Executive LLM courses, its ability to do so will depend on the availability of the staff member in question. For more information please refer to the Department of Law website.

Course content

The course will look at the regulation of the bid process and at takeover defence regulation in the UK and the US. The course will look at: transaction structures used in private equity deals; the function and effects of the market for corporate control; takeover process regulation; the extra-territorial effects of US process regulation; takeover defence regulation; deal protections; and regulating conflicts of interest in going private transactions.

Teaching

24-26 hours of contact time.

Formative coursework

Students will have the option of producing a formative exam question of 2000 words to be delivered one month from the end of the module’s teaching session by email.

Indicative reading

The course will use materials distributed through moodle and the course pack as well as D. Kershaw, Foundations and Principles of Takeover Regulation (forthcoming 2016) [to be distributed in draft through the course pack]. Background material can be found in R. Kraakman et al, The Anatomy of Corporate Law (2004); B. Black, The Law and Finance of Corporate Acquisitions (1995); and W. Carney, Mergers and Acquisitions (2003).

Assessment

Either a take-home examination or 8,000 word assessed essay (100%).

Key facts

Department: Law

Total students 2015/16: Unavailable

Average class size 2015/16: Unavailable

Controlled access 2015/16: No

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

  • Communication
  • Specialist skills