LL4G8      Half Unit
Law of Corporate Finance

This information is for the 2018/19 session.

Teacher responsible

Dr Eva Micheler NAB7.35 and Mr Edmund-Philipp Schuster NAB6.30

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 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 and debt, initial legal capital and alternatives, dividends, reduction of capital and share buy-backs, property rights in shares, and insider dealing and market manipulation.

Teaching

20 hours of lectures and 4 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, 10th edn, 2016; Eilis Ferran and Look Chan Ho, Principles of Corporate Finance Law, 2014, Eva Micheler, Interests in Securities, 2007.

Assessment

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

Key facts

Department: Law

Total students 2017/18: 86

Average class size 2017/18: 14

Controlled access 2017/18: Yes

Lecture capture used 2017/18: Yes (MT)

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

  • Communication
  • Specialist skills