Dr Eva Micheler NAB7.35

This course is available on the MSc in Law and Accounting, Master of Laws and Master of Laws (extended part-time study). This course is available with permission as an outside option to students on other programmes where regulations permit.

This course is capped at 75 students.

The course examines the private law rules governing how companies raise finance. The issues covered include e.g. capital structures, identifying and protecting shareholder rights, issuing shares, initial legal capital and alternatives, dividends, reduction of capital and share buy-backs, reform and moving to a solvency test, property rights in shares and financial assistance. The course will focus on English law, but will also look at other legal systems in particular at German law.

20 hours of lectures and 4 hours of seminars in the MT. 2 hours of lectures in the ST.

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

Gower and Davies, Principles of Modern Company Law, 9th edn, 2012; Eilis Ferran, Principles of Corporate Finance Law, 2008, Eva Micheler, Interests in Securities, 2007.

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