LL4AJ      Half Unit
Insolvency Law: Principles, Rescue and Reconstruction Processes

This information is for the 2018/19 session.

Teacher responsible

Ms Sarah Paterson

Availability

This course is available on the LLM (extended part-time), LLM (full-time), MSc in Law and Accounting and University of Pennsylvania Law School LLM Visiting Students. This course is available with permission as an outside option to students on other programmes where regulations permit.

This course will be relevant to the following LLM specialisms: Corporate and/or Commercial Law. This course is capped at 30 students. Students must apply through Graduate Course Choice on LSE for You.

Course content

This course focuses on registered companies and is concerned with the rescue of financially distressed companies and businesses. The formal legal procedures available for rescuing companies and businesses in financial distress are analysed as are informal approaches to corporate failure. Topics include: rescuing the business and assets of a company as a going concern; restructuring and small companies; restructuring and large companies; theory of rescue and restructuring.

Teaching

20 hours of seminars in the MT. 2 hours of seminars in the ST.

A variable format: some lecture-discussions, some student-paper-led discussions and some debates. Week 6 will take the form of a reading week.

Formative coursework

One 1,500 word essay.

 

Indicative reading

A full Reading List will be distributed during the course. The recommended text is V. Finch, Corporate Insolvency Law: Perspectives and Principles (Cambridge University Press, 2009) (2nd edition). Wider background reading will include some comparative law reform and other material including: The Report of the Review Committee on Insolvency Law and Practice (Cork Report) (Cmnd 8558, 1982); T H Jackson, The Logic and Limits of Bankruptcy Law, Harvard (1986).

Assessment

Exam (100%, duration: 2 hours, reading time: 15 minutes) in the summer exam period.

Key facts

Department: Law

Total students 2017/18: 37

Average class size 2017/18: 37

Controlled access 2017/18: Yes

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

  • Communication
  • Specialist skills

Course survey results

(2014/15 - 2016/17 combined)

1 = "best" score, 5 = "worst" score

The scores below are average responses.

Response rate: 83%

Question

Average
response

Reading list (Q2.1)

1.5

Materials (Q2.3)

1.4

Course satisfied (Q2.4)

1.4

Integration (Q2.6)

1.5

Contact (Q2.7)

1.5

Feedback (Q2.8)

1.3

Recommend (Q2.9)

Yes

92%

Maybe

8%

No

0%