Prof Robert Kershaw NAB7.16

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

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 will look at the regulation of the market for corporate control and corporate restructurings in the United Kingdom and the United States. The course will look at the regulation of the bid process and at takeover defence regulation in the UK and the US. The course will also look at the development of the private equity industry and at typical fund and transaction structures used in private equity deals. • Introduction to the market for corporate control • Takeover process regulation • The extra-territorial effects of US process regulation • Takeover defence regulation • Private equity and management buyouts: fund structures; deal structures; value strategies • Regulating conflicts of interest in going private transactions • Financial assistance regulation • Effectiveness of the market for corporate control

24-26 hours of contact time.

Students will have the option of producing a formative exam question of 2000 words to be delivered one month from the end of the module’s teaching session by email.

A full reading list will be distributed at the beginning of the course. Background material can be found in R. Kraakman et al, The Anatomy of Corporate Law (2004); B. Black, The Law and Finance of Corporate Acquisitions (1995); and W. Carney, Mergers and Acquisitions (2003).

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