Undergraduate Module Descriptor

LAW3043: Company Law

This module descriptor refers to the 2021/2 academic year.

Module Aims

The aim of this module is to enable you to gain a detailed understanding and appreciation of many key topics in Company Law and to develop your legal skills of analysis and problem-solving.  Having completed the module you should understand the role of the company as a form of business enterprise and have a thorough knowledge and understanding of the key aspects of its legal regulation.  The module aims to enable you to identify legal issues and problems arising through the life of a company, to consider and analyse areas of legal complexity and advise appropriately on legal resolution of problems.  The module covers topics ranging from the formation of a company, through the administration and management of a company, directors’ duties, shareholder remedies, corporate responsibility, and capital, to insolvency, liquidation and associated liabilities.

Intended Learning Outcomes (ILOs)

This module's assessment will evaluate your achievement of the ILOs listed here – you will see reference to these ILO numbers in the details of the assessment for this module.

On successfully completing the programme you will be able to:
Module-Specific Skills1. demonstrate understanding of the role of English company law (hereafter 'company law') and of companies within the English legal and business system;
2. demonstrate detailed knowledge and understanding of the principal features of companies and company law within the key areas of (a) corporate form and structure; (b) ownership and control; (c) duties and remedies; (d) dealings with the outside world; (e) capital; (f) corporate insolvency;
3. identify, explain and critically assess/analyse issues arising in the key areas of company law and identify and apply relevant legal rules to those issues;
4. demonstrate ability to use comprehensive knowledge and understanding to deal with complex issues and problems arising in the key areas of company law, reach appropriate and reasoned conclusions and offer analysis/criticism of legal arguments;
Discipline-Specific Skills5. demonstrate ability to integrate and assess information from primary and secondary legal sources using appropriate interpretative techniques;
6. demonstrate ability to select, integrate and present coherently and reflectively, relevant law and legal/theoretical arguments;
Personal and Key Skills7. demonstrate ability to manage relevant learning resources/ information/ learning strategies and to develop own arguments and opinions with minimum guidance;
8. communicate and engage in debate effectively and accurately in a manner appropriate to the discipline and context; and
9. Demonstrate the ability to work independently, within a limited time frame, with access to external sources, to complete a specified task.

Module Content

Syllabus Plan

It is envisaged that the syllabus will include the following topics in the following order although precise content and order may vary.

  • Introduction business enterprise and the company
  • Corporate form and structure: corporate personality and lifting the veil of incorporation; the company’s constitution
  • Ownership and control: shareholders, directors and decision-making; corporate governance
  • Duties and remedies: directors' duties; shareholder remedies
  • Dealing with the outside world:  contractual, tortious and criminal responsibility; corporate social responsibility
  • Capital: share capital; loan capital
  • Corporate Insolvency: insolvency and corporate rescue; winding up of companies; liability of directors on insolvent liquidation
  • Revision session

Learning and Teaching

This table provides an overview of how your hours of study for this module are allocated:

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
552450

...and this table provides a more detailed breakdown of the hours allocated to various study activities:

CategoryHours of study timeDescription
Scheduled Learning and Teaching activity4623 x 2 hour lectures (including introductory and revision sessions)
Scheduled Learning and Teaching activity96 x 1.5 hour workshops
Guided Independent Study120Individual reading and lecture preparation
Guided Independent Study35Workshop preparation
Guided Independent Study80Summative assessment preparation
Guided Independent Study10Formative assessment preparation

Online Resources

This module has online resources available via ELE (the Exeter Learning Environment).

ELE: http://vle.exeter.ac.uk 

www.companieshouse.gov.uk 
www.dbis.gov.uk

Indicative Reading List

This reading list is indicative - i.e. it provides an idea of texts that may be useful to you on this module, but it is not considered to be a confirmed or compulsory reading list for this module.

Indicative basic reading list: 

French, D. et al, Mayson,French and Ryan on Company Law 35th ed. (Oxford) 2018;

OR

Hannigan, B., Company Law 5th ed, (Oxford) 2018.


OPTIONAL:

Sealy, L. & Worthington, S. Sealy & Worthington, Worthington’s Texts, Cases and Materials in Company Law, 11th ed. (Oxford) 2016; 

French, D. Blackstone’s Statutes on Company Law 2018-19 (Oxford) 2018.

Moore, I. Q&A Company Law 2nd ed. (Oxford) 2018.