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Principles of corporate finance law /

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The third edition of this leading text on corporate finance includes the post-Brexit adaptation of UK company law and capital market regulation, new cases on parent company liability in tort, creditor-facing duties of directors, issuer and director liability for misleading statements to the market,...

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Bibliographic Details
Main Authors: Ferran, Eilís (Author), Howell, Elizabeth J. (Elizabeth Joan), 1980- (Author), Steffek, Felix (Author)
Format: eBook
Language:English
Published: Oxford ; New York, NY : Oxford University Press, 2023.
Edition:Third edition.
Subjects:
Corporations > Finance > Law and legislation > Great Britain.
Corporations > Finance > Law and legislation
Great Britain
Laws of specific jurisdictions & specific areas of law.
Law.
Electronic books.
Online Access:Connect to the full text of this electronic book
Table of Contents:
  • Cover
  • Principles of Corporate Finance Law
  • Copyright
  • Contents
  • Table of Cases
  • Table of Legislation
  • List of Abbreviations
  • I. OVERVIEW
  • 1. Introduction to the Legal Framework for Corporate Finance
  • Scope of the Book
  • Types of Company Limited by Shares
  • The Legal and Regulatory Framework for Corporate Finance
  • Outline and evolution
  • Brexit
  • Legislation
  • Internal constitutional instruments
  • Case law
  • Codes and guidelines
  • 2. Use of the Corporate Form as a Vehicle for Raising Finance and Managing Risk
  • Issues Considered in this Chapter
  • Distinctive Features of the Company Limited by Shares
  • Separate legal personality
  • Piercing the veil of incorporation
  • Limited liability
  • Promotion of entrepreneurial activity
  • Passive investment
  • Portfolio diversification
  • Transferability of shares
  • Tort liabilities
  • The Corporate Group
  • The recognition of corporate groups in company law
  • The definition of the corporate group for accounting purposes
  • The definition of the corporate group for other purposes
  • Substantive company law and the corporate group: a general overview
  • Related party transactions and corporate groups
  • Insolvency within a corporate group
  • Directors' duties and creditors' interests
  • Piercing the veil: does (or should) anything change where a corporate group is involved?
  • Tort-​based liability within corporate groups
  • Legislative solutions to the corporate group 'problem'
  • 3. Capital Structure, Sources of Finance, and Financial Reporting
  • Scope of this Chapter
  • Share Capital Terminology
  • Accounting for an Allotment of Ordinary Shares
  • Characteristics of Ordinary Shares (Common Equity)
  • Dividends
  • Capital gains and risk
  • Voting rights
  • Common equity and bank regulation
  • Debt Finance Terminology
  • Characteristics of Simple Debt
  • Interest
  • Capital gain and risk
  • Control
  • Hybrid Securities in Outline
  • Valuation of Securities
  • Shares
  • Net asset value
  • Dividend valuation
  • Free cash flow valuation
  • Debt securities
  • Cost of capital
  • Capital Structure
  • Sources of Corporate Finance in the UK
  • Bank lending and its importance for SMEs
  • Other sources of external finance for SMEs
  • Raising finance directly from the public and private capital markets
  • Efficient Capital Markets
  • Measuring and Reporting Performance
  • Financial disclosure framework for UK companies: an overview
  • Narrative reporting
  • Audit and publication of accounts
  • Enforcement shortcomings relating to financial reporting
  • II. LEGAL CAPITAL
  • 4. Formation of Share Capital
  • Scope of this Chapter
  • Minimum Price of Individual Shares: Par Values
  • Minimum Capital
  • Denomination of minimum capital
  • Is any valuable purpose served by minimum capital requirements?
  • Allotted, Issued, and Equity Share Capital
  • Allotted share capital
  • Authority to allot shares