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 Business Associations 2 - LAWS1092
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Faculty: Faculty of Law
 
 
School:  Faculty of Law
 
 
Campus: Kensington Campus
 
 
Career: Undergraduate
 
 
Units of Credit: 8
 
 
EFTSL: 0.167 (more info)
 
 
Contact Hours per Week: 4
 
 
Enrolment Requirements:
 
 
Prerequisite: LAWS4010 or LAWS1091
 
 
Session Offered: See Class Timetable
 
 
Fee Band: 3 (more info)
 
  

Description

Areas of company law and securities regulation not covered in LAWS1091 Business Associations 1, and particularly those of relevance to larger companies. Students who wish to complete a comprehensive study of company law and securities regulation are advised to take this course in addition to LAWS4010 or LAWS1091. The areas of law covered in this course are: The role of the ASX and ASIC as bodies regulating companies and securities markets; The restrictions on the capital structure of the company, ie. the creation of classes of shares and the rights attaching to those shares, the issue of shares at a discount, and the reduction of capital; The restrictions arising out of the various forms of the capital maintenance doctrine, ie. the circumstances in which a company may buy back its own shares, the rules against the giving of financial assistance, and the restrictions on the payment of dividends; The terms and conditions upon which companies may raise funds from the public, ie. the issue and content of prospectuses; The structure and regulation of the market for corporate control (ie. takeovers). The course approaches these topics in two different ways. The first way of approaching each of the topics will be to focus specifically on the scheme of regulation established by that law. The second way of approaching each of the topics will be to establish some themes common to each of these areas of law. In particular, the course will focus on the approaches to regulation adopted in each of these areas.

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.