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Durham University

Postgraduate Module Handbook 2021/2022

Archive Module Description

This page is for the academic year 2021-22. The current handbook year is 2022-23

Department: Law

LAW45515: Advanced Issues in Corporate Law

Type Open Level 4 Credits 15 Availability Available in 2021/22

Prerequisites

  • None

Corequisites

  • None

Excluded Combination of Modules

  • None

Aims

  • The module allows students to engage in more in-depth study of the legal issues which corporations generate. The module is selective in terms of the legal issues it addresses, but is designed to allow students to explore those issues at a deeper, and more theoretical, level.

Content

  • The following are the main topics which will be addressed during the module:
  • Veil piercing and analogous doctrines, including the imposition of tortious liability on shareholders.
  • Agency costs and directors’ duties
  • The enforcement of director’s duties: corporate actions, personal actions, derivative proceedings.
  • Inter-shareholder disputes in smaller companies.
  • Theories of the company and of company law; the company as a contract; contractarian accounts of company law.

Learning Outcomes

Subject-specific Knowledge:
  • Understand the principal legal issues that are raised by the regulation of (commercial) corporate entities
  • Understand the policy choices that arise in addressing these regulatory issues
  • Understand the normative debates surrounding these issues, including insights from disciplines outside of law and
  • Understand how UK company law has addressed some of these regulatory issues,
Subject-specific Skills:
  • Be able to identify relevant regulatory issues regarding companies, including by reference to hypothetical factual scenarios;
  • Be able to describe the policy choices around these regulatory issues
  • Describe and apply some of the key concepts, principles and rules in UK company law that relevant to those legal issues
  • Understand, describe, and contribute to some of the debates about the role that company law ought to play in regulating corporate entities;
Key Skills:
  • Understanding of complex materials
  • Ability to describe accurately and comprehensibly the arguments and analysis of other commentators
  • Ability to critically evaluate the arguments of others

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • The lecture will introduce the subject and convey basic information about the module. Seminar sheets will be distributed, identifying the scope of the different seminar topics, the reading students must undertake for them, and the questions must attempt to answer prior to attendance at each seminar. In seminars themselves, students will have the opportunity to test, and to develop, their own understandings and knowledge of the materials presented in lectures/private study.
  • The assessment will take the form of essays. The formative assessment will give students an opportunity both (1) to test whether they are acquiring the subject knowledge, and the skills, identified above; and (2) to practice writing the sort of essay that will be expected for the summative. The summative essay will then test whether students have acquired the subject knowledge and skills set out above.

Teaching Methods and Learning Hours

Activity Number Frequency Duration Total/Hours
Lectures 1 Weekly 1 term 1
Seminars 7 Weekly 1 term 14
Preparation and reading 135
150

Summative Assessment

Component: Essay Component Weighting: 100%
Element Length / duration Element Weighting Resit Opportunity
Essay 3,000 100% 3,000 words, different title

Formative Assessment:

One essay of up to 1,000 words.


Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University