LAWS2237 Takeovers and Securities Industry Law

Later Year Course

Offered By	Law School
Academic Career	Undergraduate
Course Subject	Laws
Offered in	Second Semester, 2012 and Winter Session, 2013
Unit Value	6 units
Course Description	This course examines important facets of the regulation of corporations. It investigates the law and policy relating to the acquisition of control of corporations, particularly by takeover, and the regulation of financial markets generally. Topics to be covered include: issues prompting, and theories shaping, the regulation of takeovers and the securities industry generally; the regulation of financial markets; the powers of the Australian Securities and Investment Commission and the obligations of listed companies, brokers and dealers; controls upon market manipulation and insider trading; the legal requirements for prospectuses; controls upon the acquisition of shares under Chapter 6 of the Corporations Act 2001 (Cth); directors' responsibilities in a takeover situation; and compulsory acquisition powers.
Learning Outcomes	Having completed this course, a student should be able to: understand the general framework and the mechanics of the law relevant to the regulation of takeovers and securities regulation; identify and assess the legal and regulatory policies behind those rules; demonstrate competency with the use of complex statutory material and its application to factual situations; appreciate the relevance of wider debates about economic regulation and corporate governance to the rules being studied; identify areas of takeovers and securities law in need of reform and be able to argue why that reform would be beneficial.
Indicative Assessment	The proposed means of assessment for this course will involve at least two pieces of assessment including piece during the semester. Details of the final assessment will be provided on the course home page.
Workload	Three hours of face-to-face teaching per week, plus private study and time for assessment tasks.
Areas of Interest	Law
Requisite Statement	Corporations Law LAWS2203. Completed or completing five LAWS courses at 1000 level.
Prescribed Texts	Please refer to the course home page.
Other Information	The course builds upon knowledge acquired by students in Corporations Law as well as pursuing specialised legal applications in the area of public company regulation. Students seeking a strong corporate law specialisation in their degree would also enrol in Bankruptcy and Insolvency.
Academic Contact	Peta Spender

The information published on the Study at ANU 2012 website applies to the 2012 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2011 website.