| TLLB312 Corporations Law | |
|---|---|
| Campus: | Eveleigh, NSW 2015 |
| Units of Credit: | 6 |
| Pre-requisite or Co-requisite: | Pre-requisites: TLLB101 Legal Process; TLLB102 Legal Method; TLLB105 Contract Law; TLLB207 Property Law; TLLB211 Equity and Trusts. |
| EFTSL*: | 0.125 |
| Indicative Contact Hours per Week: | 4 |
| Tuition Fee | See Tuition Fee Schedule |
| Application Date: | See Key Dates |
| Unit Overview: | |
| This unit provides students with an overview of key legal and policy issues relating to corporate law.In the last 18 months, Australia has seen some of the most significant corporate law reforms in its history, including the new ‘safe harbour’ for directors from insolvent trading, the moratorium on the enforcement of ‘ipso facto’ contractual clauses and the new liability regime for the recovery of employee entitlements. The litigious landscape for corporations also continues to evolve, as we have seen shareholder class actions proliferate with the aid of litigation funding. It is therefore an important and exciting time for students to be studying corporate law.This unit will cover the following topics:The process to establish a companyThe nature of a companyThe concepts of corporate personality, the separate legal entity doctrine and limited liabilityThe relationship a company has with corporate ‘outsiders’, including the formation of contracts and the agency and authority of directors and other officersThe key duties and responsibilities owed by directors at general law and under the Corporations Act 2001 (Cth)Remedies for breach of directors’ dutiesThe rights of shareholders, including rights to enforce oppressive conduct and to institute statutory derivative proceedingsThe nature of a company’s share capital and the rules relating to dividends, reductions of capital and financial assistanceA company’s obligations regarding financial reporting and auditing and continuous disclosureHow a company goes about raising capital through debt finance or equity finance and how public offers for shares are regulatedTakeovers and schemes of arrangement; andThe nature of external administration, including receivership, liquidation, voluntary administration and deeds of company arrangement, informal restructuring and liquidators’ recovery of voidable transactions | |
*EFTSL = Equivalent full-time study load
