LWMTRE-Legal Aspects of Corporate Rescue

Module Provider: School of Law
Number of credits: 10 [5 ECTS credits]
Terms in which taught: Autumn term module
Non-modular pre-requisites:
Modules excluded:
Module version for: 2016/7

Module Convenor: Dr Bolanle Adebola

Email: b.adebola@reading.ac.uk

Summary module description:
Credit is the ‘life-blood’ of modern market economy. Its corollary, however, is insolvency. As the Great Recession evinces, no corporate entity is immune from the prospect of failure; though the effects may vary in severity. Across the globe, the notion of an alternative to failure for financially distressed entities is justifiably receiving prime focus. With both emerging and developed entities concerned to reform their insolvency systems, rescue models, both formal and informal are being introduced or modified. This module explores the concept, perspectives and the challenges of one of the most effective corporate rescue systems: that of England and Wales. With over 90% of the companies both in England and Wales and the world at large being small and medium scale enterprises (SMES), this module provides critical insights on the interaction between the rescue law and these companies. The policies and perspective discussed are ubiquitous, therefore applicable to systems across the globe.

The module is designed to:
•afford students the opportunity to acquire critical understanding of the notion of corporate rescue.
•encourage students to critically reflect upon the effects of insolvency on the main methods of corporate funding.
•promote awareness of key legal and policy issues in the creation of effective rescue systems.
•stimulate debates on the political economy of corporate failure and rescue.

Assessable learning outcomes:
On completion of the module, students will be expected to be able to:
•Demonstrate knowledge of the legal framework of corporate rescue.
•Critically analyse a range of rescue perspectives and theories.
•Assess the effectiveness of a chosen rescue model.
•Execute competent and independent research into varied aspects of the law relating to corporate rescue.

Additional outcomes:
In addition to those listed in the School’s ‘core skills statement’, the module will encourage the development of:
•The ability to comment on the current state of the law and its future directions.
•Skills in oral communication, practical application, team-work and independent learning.

Outline content:
The module consists of the following main themes:
1.Corporate insolvency and the ascendancy of corporate rescue.
2.Formal and informal rescue models.
3.Administration and the rise of the pre-pack.
4.Company Voluntary Arrangements.
5.Effects of insolvency on Directors’ duties and liabilities
6.Corporate Insolvency and the employees.

Brief description of teaching and learning methods:
Module delivery will be through a mix of lectures and a group-work/student participation. Students are expected to prepare for seminars in which there will be a group discussion of seminar questions. One non-assessed essay will also be set.

Contact hours:
  Autumn Spring Summer
Lectures 12
Guided independent study 88
Total hours by term 100.00
Total hours for module 100.00

Summative Assessment Methods:
Method Percentage
Written assignment including essay 100

Other information on summative assessment:
8 page essay (formatted in accordance with the School of Law's Assessed Work Rules)

Formative assessment methods:
4 page essay (formatted in accordance with the School of Law's Assessed Work Rules). The assessment allows you to benefit from feedback but does not contribute to the mark for the module.

Penalties for late submission:

Penalties for late submission on this module are in accordance with the University policy.
The University policy statement on penalties for late submission can be found at: http://www.reading.ac.uk/web/FILES/qualitysupport/penaltiesforlatesubmission.pdf
Also, see Guide to Postgraduate Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Length of examination:

Requirements for a pass:
50% overall

Reassessment arrangements:
See School of Law PGT Programme Handbook.

Additional Costs (specified where applicable):
1) Required text books:
2) Specialist equipment or materials:
3) Specialist clothing, footwear or headgear:
4) Printing and binding:
5) Computers and devices with a particular specification:
6) Travel, accommodation and subsistence:

Last updated: 21 December 2016

Things to do now