Universität Wien

040726 UK Topics in Mergers and Acquisitions I (2022S)

2.00 ECTS (1.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

Diese Lehrveranstaltung ist strikt für Studierende der SPL 4 kontingentiert.
Anmeldung über U:SPACE nur während der Anmeldezeiten.
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Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: German

Lecturers

Classes (iCal) - next class is marked with N

Exam Dates:
1. Tuesday 26.04.2022 09:45 -11:15
2. Tuesday 03.05.2022 09:45 -11:15

  • Tuesday 01.03. 09:45 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 08.03. 09:45 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 15.03. 09:45 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 22.03. 09:45 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 29.03. 09:45 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 05.04. 09:45 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 26.04. 09:45 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 03.05. 09:45 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock

Information

Aims, contents and method of the course

In business life, companies are often subjected to external, dynamic changes through sale or structural reorganization through restructuring, both in times of economic upswing and in times of crisis. Students will be given a basic introduction and overview of the forms, design and process of corporate acquisitions and restructurings and their legal basis.
The course is intended as an introduction to the subject of corporate transactions and provides a legal and structural basis for further understanding of contract design.

Basic concepts of corporate transactions; legal basics of corporate transactions; process of an M&A transaction; concept and purpose of due diligence; structural considerations in acquisitions and mergers; overview of different acquisition phases; typical acquisition structures; possibilities of transaction structuring (share deal vs. asset deal) and their advantages and disadvantages; disadvantages from the perspective of buyer and seller; aspects of reorganization law; essential aspects of contract drafting; aspects of contract, liability and warranty law; signing and closing or conditions precedent; concept of reorganization, merger and demerger; overview of individual forms of reorganization.

Assessment and permitted materials

The performance assessment is based on oral participation during the online units (10% = 4 points) and two written exams in German (45% each = 18 points each) at the end of the course. From 51% (= 21 points) the course is positively completed. In case of exams at the university: The use of unannotated law editions and non-electronic dictionaries is allowed during the exam ( Post-Its: only unlabeled allowed - neither numbers nor headings; different colors, sizes are allowed). In the case of online examinations, the following applies: the examinations take place as open-book examinations. For further information on the permitted aids for the examinations, please visit http://privatrecht.univie.ac.at/.

Minimum requirements and assessment criteria

Attendance is compulsory throughout. Students may be released from compulsory attendance for a total of one unit for good cause. In the 1st unit, attendance is compulsory without exception. Students who do not show up will be deregistered from the course, unless there is an important provable reason for their absence (excuse and proof before the 1st unit to Mr. Secklehner, jakob.secklehner@univie.ac.at).
The assessment is based on oral participation (10% = 4 points) as well as two written exams (45% each = 18 points each, duration of each exam: 45 minutes) in German at the end of the course. From 51% (= 21 points) the course is positively completed. Grade key: from 21 points - sufficient, from 26 points - satisfactory, from 31 points - good, from 36 points - very good.

Examination topics

Questions and case studies on M&A transactions, drafting and structuring of corporate restructurings and acquisitions as well as questions on warranty and liability law or reorganization law issues related to M&A transactions. Sometimes drafting of contractual clauses of company purchase agreements.

Reading list

Code of Corporate Law (current edition);
Kalss/Schauer/Winner, Allgemeines Unternehmensrecht (3rd edition; 2017), § 8 (=page 249 to 322);
Althuber/Schopper (eds.), Handbuch Unternehmenskauf & Due Diligence, Volume I: Legal (2nd ed.);
Mader, Skriptum Kapitalgesellschaften (10th edition), LexisNexis Orac-Rechtsskripten;
Mitterndorfer, Unternehmenskauf in der Praxis (2nd ed., 2019);
Handouts/samples of corporate contracts as well as other documents will be provided by the lecturer via Moodle.

Association in the course directory

Last modified: Th 03.03.2022 16:08