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 corporations law and competition law perspectives and their impact on commercial strategies. Competition issues under the Competition and Consumer Act 2010 (Cth) as well as corporate governance issues under the Corporations Act 2001 (Cth) 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.
Three hours of classes per week which may include one or more of the following: lectures; seminars; tutorials or workshops
Case note presentation (10%), executive report (20%), group presentation (20%), final exam (50%)
CLAW1003 or CLAW2201 or CLAW2214