Programmes

Corporate Finance Law

  • Summer schools
  • Department of Law
  • Application code SS-LL301
  • Starting 2020
  • Short course: Open
  • Location: Houghton Street, London

UPDATE: Due to the global COVID-19 pandemic we will no longer be offering this course in summer 2020. Please check our latest news on this situation here.  

You can still register your interest in this course for 2021 using the ‘Sign up’ button to the right.  

In this module we will analyse the legal aspects of corporate finance.

There are three primary components of this module. The first component is an introduction to corporate finance theory, which covers the nature of equity and debt as well as an introduction to how capital markets work and the theories of capital structure and valuation. The second part of the module covers the regulation of legal capital, including the relevant core accounting concepts, the regulation of dividends and share buy-backs. The third part of the module addresses the issuance of debt and equity, related aspects of securities regulation, such as insider trading and disclosure regulation, as well as mergers & acquisitions.

The module’s primary focus is on UK and EU law and regulation. However, the module will also draw on the approaches to regulation in other jurisdictions, such as the United States and Germany.


Session: Three
Dates: 3 August – 21 August 2020
Lecturers: Mr Edmund Schuster and Professor Carsten Gerner-Beuerle


 

Programme details

Key facts

Level: 300 level. Read more information on levels in our FAQs

Fees:  Please see Fees and payments

Lectures: 36 hours 

Classes: 18 hours

Assessment*: One examination and one essay

Typical credit**: 3-4 credits (US) 7.5 ECTS points (EU)


*Assessment is optional

**You will need to check with your home institution

For more information on exams and credit, read Teaching and assessment

Prerequisites

Introduction to legal methods or equivalent, and familiarity with company law would be an advantage. Students with no previous exposure to company law may find it useful to first take LL135 Introduction to Corporate Law and Governance in Session One.

Programme structure

  • Introduction, efficient capital markets hypothesis, balance sheet basics
  • Capital structure; relationship between risk and return & modern portfolio theory
  • Limited liability, its effects, and legal remedies
  • Legal capital and dividends
  • Liability, disguised distributions and capital reductions
  • Share buy-backs and financial assistance
  • Issuing equity and debt I
  • Issuing equity and debt II
  • Issuing equity and debt III
  • Market abuse regulation
  • Takeovers, mergers, and corporate restructuring
  • Regulatory competition / conclusion

Course outcomes

The objective of the course is that students will become familiar with the principles of corporate finance and its regulation in the UK and the EU. The course will also help students understand the interactions between corporate law, finance, and the regulation of capital markets. 

Teaching

LSE’s Law Department is one of the world’s best. In the UK, it was ranked first for research outputs in the most recent Research Excellence Framework (REF) and in the top 5 law departments overall by The Complete University Guide in 2018. In the 2017 QS World University rankings, the Department was ranked seventh (out of 200 departments worldwide).

Many important subjects were first taught and examined systematically from an academic perspective in LSE’s Department of Law. We pioneered the study of banking law, taxation law, civil litigation, company law, labour law, family law, aspects of welfare law, and studies of the legal system and the legal profession, and continue to be the leading thinkers in our field.

On this three-week intensive programme, you will engage with and learn from full-time lecturers from the LSE’s law faculty.

Reading materials

E Ferran and LC Ho, Principles of Corporate Finance Law (2014)

L. Gullifer and J. Payne, Corporate Finance Law, Principles and Policy (2015)

D. Kershaw, Company Law in Context: Text and Materials (2012)

R. Veil, European Capital Markets Law (2013)

S. Grundmann, European Company Law (2012)

*A more detailed reading list will be supplied prior to the start of the programme

**Course content, faculty and dates may be subject to change without prior notice

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How to Apply

Related Programmes

International Financial Regulation

Code(s) SS-LL207

Tax Avoidance

Code(s) SS-LL210

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