Ms Sarah Paterson NAB6.06

This course is available on the Executive LLM. This course is not available as an outside option.

Available to Executive LLM students only. This course will be offered on the Executive LLM during the four year degree period. The Department of Law will not offer all Executive LLM courses every year, although some of the more popular courses may be offered in each year, or more than once each year. Please note that whilst it is the Department of Law's intention to offer all Executive LLM courses, its ability to do so will depend on the availability of the staff member in question. For more information please refer to the Department of Law website.

This course is concerned with the principles and policies underlying the legal treatment of insolvency and corporate liquidations. The impact of these procedures and approaches on third parties, for example corporate groups, secured and unsecured creditors, directors and employees, is also considered. Topics include: Overview of Liquidation and Bankruptcy; The role of liquidation; Setting aside transactions; The Pari Passu principle and preferential claims; Secured creditors and security devices; the problem of corporate groups; Company directors in troubled times and Employees in distress.

24-26 hours of contact time.

All students are expected to produce one 2,000 word formative essay during the course.

A full Reading List will be distributed during the course. The recommended text is V. Finch, Corporate Insolvency Law: Perspectives and Principles (Cambridge University Press, 2009) (2nd edition).

Either a take-home examination or 8,000 word assessed essay (100%).