2014 Unit of Study
The session(s) below are for 2014. For Summer School 2014 unit of study availability please visit the Summer School website (main Summer session January/February 2014).
The University of Sydney session calendar shows exact dates for sessions.
|Regulation of Mergers and Acquisitions|
|Assumed Knowledge||While there are no pre-requisites or co-requisites for this unit, students would not be disadvantaged by having a working knowledge of the Australian Legal System and the Corporate Regulatory Regime (ASIC and ASX), the structure of legislation and its interpretation and application, and the application of case law. Students without such knowledge will be assisted in that regard throughout the semester. All students should have well-developed skills of observation, deduction, enquiry, research, academic writing, note-taking, punctuality, presentation and organisation.|
|Lectures||Three hours of classes per week which may include one or more of the following: lectures; seminars; tutorials or workshops|
|Assessment||Assignment (30%), Group case study (20%), Final (take-home) exam (40%), and Participation (10%)|
Mergers, acquisitions and takeovers are increasingly important strategies for Australian companies which raise significant legal issues. This unit aims to give students a sound understanding of the legal issues involved in mergers and acquisitions from both corporate and competition law perspectives and their impact on commercial strategies. Competition issues under the Competition and Consumer Act 2010 as well as corporate governance issues under the Corporations Act are explored. Bid planning (including tactics involved in initiating a takeover bid and defensive strategies and tactics), directors duties, prohibited market conduct and the role of ASIC and the Takeovers Panel are also covered. This unit also considers mergers using schemes of arrangement.