production
Skip to Content

LS553L: DEBT FINANCE LAW (2020-2021)

Last modified: 07 Jul 2020 16:55


Course Overview

This is a compulsory law course for the LLM/MSc in Corporate Finance. It will explore issues within the law of debt finance, principally focused on the laws of the UK (including English law and Scots law, where appropriate) but with reference to other systems too. It will provide students with a wider and deeper understanding of various debt finance issues that are crucial to the law of corporate finance.

Course Details

Study Type Postgraduate Level 5
Session Second Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Aberdeen Sustained Study No
Co-ordinators
  • Dr Alisdair Macpherson

What courses & programmes must have been taken before this course?

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

This course will cover a number of topics of particular relevance to the law of debt finance. The content of the course will include the following:

  • Unsecured debt finance: this will involve consideration of the legal concepts of debt and credit and how and why companies raise funds by unsecured borrowing. It will involve discussion of debt instruments (including the types of bond available) and provisions within loan documentation (such as financial covenants).
  • Securitisation and derivatives: there will be discussion of the concept of securitisation and how such transactions are constructed. In addition, attention will be paid to derivative instruments and the role that these play in securitisation transactions and beyond.
  • Secured finance: there will be consideration of the role of secured lending within the corporate finance sphere. This will incorporate discussion of the value of security rights, the various types of security right available, and how the law in this area in different jurisdictions could be reformed to better meet the needs of parties involved in corporate finance.
  • Floating charges: given its importance within the field of corporate finance, particular attention will be paid to the floating charge. Its nature, operation and enforcement will all be discussed in order to better understand the role it plays in corporate finance transactions.
  • Corporate insolvency: this will incorporate analysis of how insolvency of a company may arise, and consideration of the various types of insolvency process that a company may enter if it has insufficient finance available.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

  • 1 Seminar during University weeks 25, 27, 29, 31, 34, 38

More Information about Week Numbers


In light of Covid-19 and the move to blended learning delivery the assessment information advertised for courses may be subject to change. All updates for first-half session courses will be actioned no later than 1700 (GMT) on 18 September 2020. All updates for second half-session courses will be actioned in advance of second half-session teaching starting. Please check back regularly for updates.

Summative Assessments

1500 word essay 25%

48 hours written exam 75%

 

Resit: resubmission of failed elements

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
ConceptualUnderstandTo obtain knowledge and understanding of various aspects of debt finance law, with reference to the UK and beyond.
ProceduralEvaluateTo determine the most appropriate legal approaches or solutions within the context of debt finance scenarios.
ProceduralCreateTo develop and enhance key legal and transferable skills, including argumentation, communication, critical analysis and problem solving.

Compatibility Mode

We have detected that you are have compatibility mode enabled or are using an old version of Internet Explorer. You either need to switch off compatibility mode for this site or upgrade your browser.