LL4G8      Half Unit
Law of Corporate Finance

This information is for the 2023/24 session.

Teacher responsible

Edmund-Philipp Schuster


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

The course examines the private law rules governing how companies raise finance. The issues covered include e.g. capital structures, an introduction to basic finance concepts relevant to understanding the legal rules covered, the rules on raising equity capital, initial legal capital and alternatives, dividends, reduction of capital and share buy-backs, property rights in shares, the settlement and holding of securities including through distributed ledger (blockchain) technology.


This course will have 20 hours of teaching content in Autumn Term. There will be a Reading Week in Week 6 of Autumn Term.

Formative coursework

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

Indicative reading

Gower, Principles of Modern Company Law, 11th edn, 2021; Eilis Ferran and Look Chan Ho, Principles of Corporate Finance Law, 2014, Eva Micheler, Interests in Securities, 2007.


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

Key facts

Department: Law School

Total students 2022/23: 88

Average class size 2022/23: 29

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