LL4AK Half Unit
Principles of Corporate Insolvency Law
This information is for the 2025/26 session.
Course Convenor
Prof Sarah Paterson
Availability
This course is available on the LLM (extended part-time), LLM (full-time), MSc in Law and Finance 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 uses controlled access as part of the course selection process.
How to apply: Priority will be given initially to LLM, MSc Regulation and MSc Law and Finance students on a first-come-first-served allocation.
Spaces permitting, requests from all other students will be processed on the same first-come-first-served allocation from 10am on Thursday 2 October 2025
By submitting an application, students are confirming that they meet any pre-requisites specified. Providing an additional written statement will not aid a student's chances of being accepted onto a course, and statements are not read.
Deadline for application: Not applicable
For queries contact: Law.llm@lse.ac.uk
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 is concerned with the principles and policies underlying the realisation and distribution of a company’s assets in an insolvency. The impact of these principles on third parties such as corporate groups, secured and unsecured creditors, directors, and employees, is also considered. Topics include: corporate governance in distress; corporate insolvency law theory; the distributional order of priority in insolvency; distribution and corporate groups; protecting unsecured creditors; setting aside transactions; and European and international recognition of insolvency proceedings.
Teaching
20 hours of seminars in the Winter Term.
This course has a reading week in Week 6 of Winter Term.
This course will have 20 hours of teaching in the Winter Term and two hours in the Spring Term. There will be a Reading Week in Week 6 of Winter Term.
Formative assessment
One 1,500 word essay.
Indicative reading
A full Reading List will be distributed during the course. For introductory purposes students are directed to V. Finch and D. Milman, Corporate Insolvency Law: Perspectives and Principles (Cambridge University Press, 2017) (3rd edition).
Assessment
Exam (100%), duration: 150 Minutes in the Spring exam period
Key facts
Department: LSE Law School
Course Study Period: Winter Term
Unit value: Half unit
FHEQ Level: Level 7
CEFR Level: Null
Total students 2024/25: Unavailable
Average class size 2024/25: Unavailable
Controlled access 2024/25: NoCourse 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