The University of Southampton
Courses

LAWS3108 Company Law (Visiting Students Only)

Module Overview

This course covers the material typically addressed in an undergraduate Company Law Course and addresses the framework of company law, the corporate entity, the corporate constitution, corporate governance issues including the directors' role, duties and responsibilities, as well as shareholder remedies, the protection of creditors and directors liabilities on insolvency.

Aims and Objectives

Module Aims

The module: 1. Gives you the opportunity to explore and understand the legal regulation of companies through an analysis of the key characteristics of the corporation, namely legal personality, centralised management with power divided between directors and shareholders, and limited liability which dictates its share capital structure and therefore the internal relationship between shareholders and the company and its external relationship with creditors who must guard against the consequences of that limited liability. 2. Provides you with exposure to legal principles derived from a variety of legal instruments including statutes, cases, and EU when relevant. 3. Enables you to develop skills of legal analysis in Company Law.

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • the concept of the separate legal personality of a company, and you will be able to consider critically the legal issues presented by corporate and personal liability with respect to torts and crimes carried out by a company;
  • the constitutional structure of a company, and you will be able to explain the contractual basis of the relationship between shareholders and the company and appreciate the division of power between directors and shareholders; you will be able to understand the structure and composition of company boards, and you will be able to understand the general duties of directors and to assess the scope of their authority, and you will be able to rigorously evaluate their fiduciary duties, and comprehend the scope of their common law duties of care and skill;
  • the basic share capital structures commonly adopted by companies; and you will be able to explain the concept of maintenance of capital and to understand the role it plays in the protection of creditors especially in the context of distributions to shareholders;
  • the basic structure of loan capital and the need for security; and to appreciate the role of administrators and liquidators;
  • the basic aims and nature of the core insolvency regimes (administration and liquidation); and understand and be able to state the possible liabilities of directors in the event of insolvency.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • analyse legal materials, identify key legal principles and issues and, where appropriate, make constructive criticism;
  • critically evaluate legal materials by way of statutory interpretation, case analysis, review of journal articles and consideration of reform reports;
  • critically assesses the strengths and weakness of the Companies Act 2006;
  • communicate effectively knowledge of issues of company law and present reasoned arguments coherently.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • analyse and interpret complex statutory material;
  • analyse and interpret complex case material;
  • evaluate legal materials and effectively apply them to practical corporate problems;
  • develop and present written arguments supported by appropriate evidence.

Syllabus

Module Content The module is structured and divided into the following sections which also indicate the content of each section. Part 1 INTRODUCTION – THE CORPORATE ENTITY 1. Introductory Material 2. Corporate Personality CONSTITUTIONAL ISSUES 3. The Articles of Association Part II CORPORATE GOVERNANCE DIRECTORS' ROLE, DUTIES AND RESPONSIBILITIES 4. Directors generally 5. A Statutory Statement of Directors' Duties 6. Distribution of power within the company 7. The General Duties of Directors 8. Directors’ Liabilities for Breach of Duty SHAREHOLDER REMEDIES 9. Remedies – the unfairly prejudicial remedy 10. Derivative actions Part III THE PROTECTION OF CREDITORS 11. Share Capital and the Doctrine of Capital Maintenance 12. Loan capital, Company charges CORPORATE INSOLVENCY REGIMES 13. Administration and liquidation (overview) 14. Corporate Liquidation 15. Possible Liabilities of Directors on Insolvency

Learning and Teaching

Teaching and learning methods

Teaching methods include: - Lectures with an emphasis on participation by the students in open-textured discussion. - Small group tutorial work focused on problem solving skills. - Advance reading is required for the tutorials and active participation required by all members of the group. Learning activities include: - Directed reading assisted by reading lists and Blackboard. - Accessing electronic resources in the form of legislation, journals and case materials. - Reviewing complex statutory material.

TypeHours
Wider reading or practice9.5
Completion of assessment task3.5
Preparation for scheduled sessions50
Revision42
Tutorial8
Follow-up work15
Lecture22
Total study time150

Resources & Reading list

Gower & Davies (2016). Principles of Modern Company Law. 

Sealy and Worthington (2016). Cases and Materials on Company Law. 

Hannigan (2015). Company Law. 

Assessment

Formative

Tutorial

Summative

MethodPercentage contribution
Coursework  (1500 words) 100%

Referral

MethodPercentage contribution
Coursework 100%

Repeat Information

Repeat type: Internal & External

Costs

Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:

Textbooks

Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the core/recommended text as appropriate.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.

Share this module Facebook Google+ Twitter Weibo

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×