Professor Sarah Paterson

This course is available on the LLM (extended part-time), LLM (full-time) 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 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.

This course focuses on the rescue of companies and the rescue of businesses in financial distress. We use Chapter 11 in the US as our jumping off point, before moving on to analyse the procedures which are available in England. We then consider the European Restructuring Directive, and we finish by setting everything we have studied against academic theories of the role of law in promoting rescue.

This course will have two hours of teaching content each week in Michaelmas Term. There will be a Reading Week in Week 6 of Michaelmas Term.

One 1,500 word essay.

A full Reading List will be distributed during the course. For introductory purposes, students are referred to V. Finch and D. Milman, Corporate Insolvency Law: Perspectives and Principles (Cambridge University Press, 2017) (3rd edition).

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