Not available in 2015/16
LL4G8      Half Unit
Law of Corporate Finance

This information is for the 2015/16 session.

Teacher responsible

Dr Eva Micheler NAB7.35


This course is available on the MSc in Law and Accounting, Master of Laws and Master of Laws (extended part-time study). This course is available with permission as an outside option to students on other programmes where regulations permit.

This course is capped at 90 students.

Course content

The course examines the private law rules governing how companies raise finance. The issues covered include e.g. capital structures, identifying and protecting shareholder rights, issuing shares, initial legal capital and alternatives, dividends, reduction of capital and share buy-backs, reform and moving to a solvency test, property rights in shares and financial assistance. The course will focus on English law, but will also look at other legal systems in particular at German law.


20 hours of lectures and 5 hours of seminars in the MT. 2 hours of lectures in the ST.

Formative coursework

Students will have the opportunity to write a formative essay for each of the classes. All students are strongly encouraged to write at least one essay.

Indicative reading

Gower and Davies, Principles of Modern Company Law, 9th edn, 2012; Eilis Ferran, Principles of Corporate Finance Law, 2008, Eva Micheler, Interests in Securities, 2007.


Exam (100%, duration: 2 hours) in the main exam period.

Key facts

Department: Law

Total students 2014/15: 70

Average class size 2014/15: 12

Controlled access 2014/15: Yes

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

  • Communication
  • Specialist skills