Universität Wien

030297 KU Public Markets, Securities Regulation and Corporate Governance (2020W)

A Comparative EU and US Approach

4.00 ECTS (2.00 SWS), SPL 3 - Rechtswissenschaften
Prüfungsimmanente Lehrveranstaltung

Vortragender: Gleb Kozyritskiy

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 40 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

  • Montag 12.10. 17:00 - 19:00 Hörsaal U10 Schottenbastei 10-16, Juridicum, KG1 (Vorbesprechung)
  • Samstag 17.10. 09:00 - 16:00 Hörsaal U21 Schottenbastei 10-16, Juridicum, KG2
  • Samstag 24.10. 09:00 - 16:00 Hörsaal U21 Schottenbastei 10-16, Juridicum, KG2
  • Samstag 31.10. 09:00 - 16:00 Hörsaal U21 Schottenbastei 10-16, Juridicum, KG2

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

How (and why) to take a company from bank-based financing to IPO?
What happens on public securities markets, who regulates them and how can we come up with efficient rules?
What does it mean for a corporation to be "public" and how is management affected by institutional investors, proxy advisers, activist shareholders and regulators?

We will explore these and other questions in our three-session intensive course. The first part of the course aims to provide students with a basic economic understanding of public markets, their purpose and their regulation. In the second part (second and third sessions), we will then address the most important topics of securities regulation from the perspective of a listed corporation and compare the basic regulatory approaches to them in the EU and the US , including:
* The Listing Process
* Corporate Disclosure
* Market Abuse (Insider trading, market manipulation)
* Corporate Governance of the listed company
* Control Transactions.

Note that this course will _not_ require prior knowledge in economics or corporate finance! However, it is strongly recommended that participants have completed their exam in business law (Modulprüfung Unternehmensrecht) prior to registering for this course.
If you are an exchange student, please feel free to contact us to see whether this course makes sense as part of your curriculum.

Hint: This course should make for a good introduction to studying EU capital markets law.

Art der Leistungskontrolle und erlaubte Hilfsmittel

Participants will be examined based on
(i) an oral presentation given in the second week of the course (30%);
(ii) classroom participation (40%); and
(iii) a short response paper based on another presentation of choice (30%).

Mindestanforderungen und Beurteilungsmaßstab

As this course is held in blocked format, continuous participation is essential. Students are required to give a short presentation in class and to write a short response paper (3-5 pp.) on another presentation.

Prüfungsstoff

Pre-readings are required for each class. Further materials will be distributed in preparation of oral presentations and response papers.

Literatur

The course will be based on pre-readings of select chapters of:
Brealey, Myers & Allen: Principles of Corporate Finance (12th edn., 2020)
John Armour et al.: Principles of Financial Regulation (2016)
Larry Harris: Trading & Exchanges (2003)

Pre-readings will be introduced as part of the first lesson. No readings are required before the course starts.

Materials on the legal framework will be handed out in each class.

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Fr 06.05.2022 00:15