UCL FACULTY OF LAWS

LLM Programme

The taught modules offered on the LLM programme vary from year to year. Please check the full list of taught modules list for details of modules running in specific academic years. We make every effort to ensure that every module will be offered, but modules are subject to change and cancellation. You are therefore advised to check this site regularly for further updates throughout the year preceding entry to the LLM programme.


CROSS-BORDER MERGERS AND ACQUISITIONS (LAWSG077)
Credit value: 30 credits (12 ECTS)
Module Convenor: Dr Martin Petrin Other Teachers: N/A
Content

Summary:

This module is designed to provide students with a comprehensive introduction to mergers and acquisitions in an international and cross-border context, with a focus on the law in the United Kingdom, the EU, and the United States. In particular, the module aims to (i) explore the legal framework that governs mergers & acquisitions; (ii) discuss a wide range of specific policy and legal issues surrounding acquisition transactions; and (iii) provide an overview of how the acquisition process is handled in practice. Among others, the module examines the drivers and players behind M&A transactions; basic acquisition structures; key features of takeover laws and regulations; deal flows; and various issues related to domestic and cross-border corporate control transactions.

Syllabus:

  1. Introduction to M&A
  2. Agency costs
  3. Overview of acquisition transactions
  4. Corporate finance and business valuation
  5. Schemes of arrangement and mergers
  6. Private equity and leveraged buyouts
  7. Negotiating and documenting transactions
  8. Regulation of public takeovers
  9. Takeover defence regulation
  10. Disclosure requirements and insider dealing
  11. Competition and tax law aspects

Background Reading (optional):

  • T. Maynard, Mergers and Acquisitions: Cases, Materials, and Problems (3rd ed., 2013), 1–13

Although not a requirement, it is also advisable that students have prior knowledge of basic company law. Those with no knowledge of company law will need to do some additional background reading and are advised to read one of the following titles:

  • J. Lowry & A. Reisberg, Pettet's Company Law (4th ed., 2012)
  • D. Kershaw, Company Law in Context (2nd ed., 2012)

Module reading lists and other module materials will be provided via online module pages, once students have made their module selections upon enrolment in September.

Delivery and enrolment
Lectures/Seminars: 20 x 2-hour seminars
Tutorials: Yes
Previous module enrolments: Large – 51-100 students
Who may enrol: LLM students
Prerequisities: None
Barred module combinations: None
Core Module for LLM specialism: Corporate Law, International Commercial Law, International Banking and Finance Law
Assessment
Final Assessment: 3-hour unseen written examination
Practice Assessment: Practice exam in class

This page was last updated on 9 July, 2014

APPLICATION NOTICES

The application process for the 2015-16 academic session is now open.

Please note, for the 2015-16 intake, we are not accepting the TOEFL test. If you have an English condition to meet, you must take one of the alternative tests listed here instead.