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Corporate Insolvency
Last Updated Date:   9 June 2009


8 Credits,  Semester 2

Course Description:
Insolvency law is relevant to virtually all aspects of commercial activity involving the provision of credit. This course will explore its key concepts in the context of a winding up - the moratorium, powers of recovery, the pari passu principle, the external manager, avoidance of transactions, proof of debts and set-off. We will then review receivership, judicial management and schemes of arrangement as alternative procedures to the liquidation of a company in a winding up. We conclude with a brief examination of informal debt restructurings. This course will be taught principally through seminars for which prior preparation and participation are required.

Course Convenor: As/P Wee Meng Seng

Co-teacher(s): As/P Chan Weng, Tracey Evans

Module Codes: LL4402 / LL5402 / LL6402

Contact Hours: Three, 2-hrs seminar weekly

Workload: 15 hours

Mode of Assessment: Final Exams - 70%; Assignment - 20%; Class participation - 10%

Preclusions: Nil

Prerequisites: (a) NUS Compulsory Core Law Curriculum or equivalent. (b) Company Law [LC2008/LLB2008] or its equivalent in a common law jurisdiction (may be taken concurrently).

Examination Date: Saturday, 24 April 2010, AM

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