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2019/20 Taught Postgraduate Module Catalogue

LAW5556M Corporate Finance and Securities Law

15 creditsClass Size: 150

Module manager: Dr Steven Montagu-Cairns
Email: S.Cairns@leeds.ac.uk

Taught: Semester 2 View Timetable

Year running 2019/20

Pre-requisite qualifications

Undergraduate Company Law in a common law country. If the law of the country is not based on common law system then students must select LAW5550M Corporate Law as a co or pre-requisite.

Pre-requisites

LAW5550MCorporate Law

Co-requisites

LAW5550MCorporate Law

Module replaces

LAW5555M Advanced Corporate Law

This module is approved as an Elective

Module summary

The module will enable students to study areas of corporate law given scant or no attention in an introductory company law course. It will consider a number of the primary contemporary issues and problems extant in corporate finance law and securities regulation and possible solutions and reforms. Through ten intense seminars, the module is proposing to enable students to look at legal issues in these two important fields critically. In detail, the module will evaluate issues selected from the following: share capital, loan capital, protection of creditors, creditors' rating agencies, public offering of shares, inside dealing and relatively more current issues such as the financial crisis 2008 and corporate law.

Objectives

The module aims to:
- lead students to an advanced knowledge of corporate law, focusing on corporate finance law and securities regulations;
- develop students critical knowledge on securities, market regulation and its objectives;
- provide advanced instructions in specific aspects of securities market regulation and corporate finance law.

Learning outcomes
On completion of this module, students should be able to:
- explain some of the contemporary issue and problems in corporate finance law and securities regulation;
- discuss how these issues and problems fit into corporate law generally;
- identify matters that warrant reform and to be able to discuss the kinds of reforms needed;
- critically analyse basic securities regulation concept such as market abuse, insider dealing, disclosure and authorisation;
- critically discuss regulatory aspects of concepts such as credit rating agencies and public offering of shares;
- evaluate the notion of systemic risk in securities market and the purpose of regulation following events related to the financial crisis 2008.


Syllabus

Company law reform in the UK and Companies Act 2006
Introduction to techniques of corporate finance
Share capital
Loan capital
Creditors' Protection
Policy and theory in securities regulation
Creditors rating agencies and their role in capital markets
The regulation of public offering of shares
Inside dealing and market abuse
Regulatory responses to the financial crisis 2008

Teaching methods

Delivery typeNumberLength hoursStudent hours
Lecture62.0012.00
Seminar21.503.00
Private study hours135.00
Total Contact hours15.00
Total hours (100hr per 10 credits)150.00

Private study

Preparation for seminar classes
Private reading
Essay preparation (formative and summative)

Opportunities for Formative Feedback

Contributions to seminars
Formative essay

Methods of assessment


Coursework
Assessment typeNotes% of formal assessment
Essay1 x 4,000 words100.00
Total percentage (Assessment Coursework)100.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

There is no reading list for this module

Last updated: 29/07/2019

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