Module LAW3194C for 2021/2
- Overview
- Aims and Learning Outcomes
- Module Content
- Indicative Reading List
- Assessment
Undergraduate Module Descriptor
LAW3194C: The Law of Corporate Finance
This module descriptor refers to the 2021/2 academic year.
Module Aims
The module provides a solid foundation in the complexities of corporate finance and its regulation, enabling you to both understand both the nature and strategic role of different financing options, as well as understanding some of the key laws and rules governing how finance is managed within a company and the financial liability of different stakeholders and agents in the event of corporate insolvency. In addition to an end of module exam, the course also continually assesses students through frequent mini-exams testing them on their reading, to truly ensure that students completing this module have a stronger command of the breadth of the law, practice and rules in this field.
This module is designed to students with a clinical and practice-oriented understanding of corporate finance law, in order to prepare them for a career in the commercial, legal or financial sector.
On successfully completing the programme you will be able to: | |
---|---|
Module-Specific Skills | 1. Evidence detailed knowledge and understanding of the principal features and key rules of corporate finance law; 2. Identify, critically appraise and explain issues and legal rules arising in the key areas of corporate finance law; 3. Provide accurate, detailed and reasoned advice in relation to different issues and challenges in corporate finance law. |
Discipline-Specific Skills | 4. Understand and access a range of different sources of law and learning materials, using them appropriately to explain issues, critique arguments or provide answers; 5. Select, integrate and present coherently and reflectively, relevant law and legal/theoretical arguments from various sources; |
Personal and Key Skills | 6. Manage relevant learning resources or learning strategies to develop own arguments and opinions with minimum guidance; 7. Communicate and engage in written arguments effectively and accurately in a manner appropriate to the discipline or in different contexts. |
Module Content
Syllabus Plan
Whilst the module’s precise content may vary from year to year, it is envisaged that the syllabus will cover some or all of the following topics:
- Equity and Loan Capital
- Share Types and Shareholdings
- Raising Equity and Issuing Debentures
- Capital Maintenance & Reduction
- Share Buy-Backs
- Rules Against Financial Assistance
- Loan Security (Registration and Priority of Charges)
- Insolvency and Mechanisms of Corporate Rescue
- Swelling Assets for Distribution on a Winding Up
- Priority of Distribution on a Winding Up
- Director Liability on Insolvency
- Liability, Procedural Safeguards and Remedies
Learning and Teaching
This table provides an overview of how your hours of study for this module are allocated:
Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
---|---|---|
30 | 120 | 0 |
...and this table provides a more detailed breakdown of the hours allocated to various study activities:
Category | Hours of study time | Description |
---|---|---|
Scheduled Learning and Teaching Activities | 10 | 10 x 1-hour lectures |
Scheduled Learning and Teaching Activities | 20 | 10 x 2-hour seminars |
Guided Independent study | 33 | Individual reading and lecture preparation |
Guided Independent study | 44 | Seminar preparation |
Guided Independent study | 13 | Formative written work preparation |
Guided Independent study | 30 | Summative written assessment preparation |
Online Resources
This module has online resources available via ELE (the Exeter Learning Environment).
How this Module is Assessed
In the tables below, you will see reference to 'ILO's. An ILO is an Intended Learning Outcome - see Aims and Learning Outcomes for details of the ILOs for this module.
Formative Assessment
A formative assessment is designed to give you feedback on your understanding of the module content but it will not count towards your mark for the module.
Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
---|---|---|---|
mini exams | Five exams, five minutes each | 1, 4 | online feedback |
Summative Assessment
A summative assessment counts towards your mark for the module. The table below tells you what percentage of your mark will come from which type of assessment.
Coursework | Written exams | Practical exams |
---|---|---|
100 | 0 | 0 |
...and this table provides further details on the summative assessments for this module.
Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
---|---|---|---|---|
Provision of Legal Advice 1 | 25 | 1,000 words | 1-7 | Written feedback |
Provision of Legal Advice 2 | 75 | 3,000 words | 1-7 | Written feedback |
0 |
Re-assessment
Re-assessment takes place when the summative assessment has not been completed by the original deadline, and the student has been allowed to refer or defer it to a later date (this only happens following certain criteria and is always subject to exam board approval). For obvious reasons, re-assessments cannot be the same as the original assessment and so these alternatives are set. In cases where the form of assessment is the same, the content will nevertheless be different.
Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
---|---|---|---|
Provision of Legal Advice 1 | Provision of Legal Advice 1 (1,000 words) | 1-7 | August\September re-assessment period |
Provision of Legal Advice 2 | Provision of Legal Advice 2 (3,000 words) | 1-7 | August\September re-assessment period |
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.
Hannigan, B., Company Law (Oxford 5th Edn, 2018).
OPTIONAL:
French, D. et al, Mayson, French and Ryan on Company Law 35th ed. (Oxford) 2018.
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.