LL4AJ      Half Unit
Corporate Rescue and Reorganisation

This information is for the 2023/24 session.

Teacher responsible

Professor Sarah Paterson


This course is available on the LLM (extended part-time), LLM (full-time) 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 has a limited number of places and demand is typically high. This may mean that you’re not able to get a place on this course.

Course content

This course focuses on the rescue of companies and the rescue of businesses in financial distress. We use Chapter 11 in the US as our jumping off point, before moving on to analyse the procedures which are available in England. We then consider the European Restructuring Directive, and we finish by setting everything we have studied against academic theories of the role of law in promoting rescue.


This course will have two hours of teaching content each week in Autumn Term. There will be a Reading Week in Week 6 of Autumn Term.

Formative coursework

One 1,500 word essay.

Indicative reading

A full Reading List will be distributed during the course. For introductory purposes, students are referred to V. Finch and D. Milman, Corporate Insolvency Law: Perspectives and Principles (Cambridge University Press, 2017) (3rd edition).


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

Key facts

Department: Law School

Total students 2022/23: 26

Average class size 2022/23: 27

Controlled access 2022/23: Yes

Value: Half Unit

Guidelines for interpreting course guide information

Course selection videos

Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.

Personal development skills

  • Communication
  • Specialist skills