Unit name | International Corporate Finance |
---|---|
Unit code | LAWDM0116 |
Credit points | 30 |
Level of study | M/7 |
Teaching block(s) |
Teaching Block 4 (weeks 1-24) |
Unit director | Professor. Albert Sanchez Graells |
Open unit status | Not open |
Pre-requisites |
None |
Co-requisites |
None |
School/department | University of Bristol Law School |
Faculty | Faculty of Social Sciences and Law |
This unit will explore the legal rules which govern the procedures followed by companies when they want to raise funds. It will be divided into two major parts: a) equity financing: the raising of capital following corporate law rules (minimum capital requirements, capital variations, the protection of shareholder rights when raising capital, the issuance of shares, financial assistance, etc.) and the raising of capital through the markets under securities regulations (IPOs, prospectus disclosure, ongoing disclosure of listed companies, market abuse, etc.) and b) debt financing, including banking and bankruptcy rules covering issues such as: debentures, fixed and floating charges, charges of book debts, specialised forms of finance such as project finance and trade finance, security, bonds, insolvency issues and priority for the payment, pari passu clauses, registration requirements, etc.
Through the examination of both equity and debt-based sources of financing, this module offers a fruitful combination of company law, securities regulation, banking and bankruptcy study, under both a national and international perspective. Applicable EU law will also be examined, and broader issues regarding the function of international capital markets will be discussed, particularly in relation to project finance of complex infrastructure.
Unit aims
On the completion of this unit, students will be able to demonstrate:
The contact hours for this unit will be 30 hours. This will usually take the form of: 8 lectures, 10 two-hour seminars and 2 assessment preparation and feedback sessions.
Summative: 2 x 3000 word essays (50% each) will assess the candidate's ability to research a topic within the scope of this unit. Both assessments will assess all of the Intended Learning Outcomes for this unit in the context of topics selected by the examiners.
Formative: students should do one formative assessment (this will usually be 1 x 1500 word essay).