Information on individual educational components (ECTS-Course descriptions) per semester

Degree programme: Master Business Administration: Accounting, Controlling & Finance
Type of degree: FH Master´s Degree Programme
Part-time
Winter Semester 2020

Course unit title International Business Law and Corporate Governance
Course unit code 025122012210
Language of instruction Deutsch
Type of course unit (compulsory, optional) Compulsory
Semester when the course unit is delivered Winter Semester 2020
Teaching hours per week 3
Year of study 2020
Number of ECTS credits allocated Second Cycle (Master)
Number of ECTS credits allocated 6
Name of lecturer(s) Jürgen Hermann KESSLER, Christian WIRTHENSOHN


Prerequisites and co-requisites

Basic knowledge of business and corporate law is required. Students will receive a reader before the start of the course which they work through and are examined in a written exam at the second block weekend.


Course content

General corporate law

  • Partnerships and corporations
  • National and European corporate forms
  • Establishment, internal organisation, representation, liability
  • Capital maintenance and capital raising rules for corporations
  • cooperative  partnerships

European and national capital market law

  • Corporate governance code
  • Going public, delisting
  • Publicity and notification obligations
  • Insider trading and directors dealings

Legal aspects of financing

  • (Private equity) (structuring of participation rights, voting rights, dilution, exit)
  • Mezzanine financing
  • Debt financing

Theory and practice of business transactions

  • Process of due diligence
  • Contract design
  • Case study on company purchase

Corporate governance and organisational liability

  • Principles of organisational liability
  • Case studies on the liability of executives and managers and their unlimited liability
  • Data protection

Learning outcomes

Knowledge of the core elements of business law is highly important for entrepreneurial decisions with often strategic or even existential implications. Thus, the choice of the legal form not only affects the owners liability but also has an immense impact on the financing options. The design of corporate transactions is not just about large assets but also about the design of future competitive advantages and avoidance of extensive liability. This course of study introduces crucial business law issues and allows students to make an informed decision about which issues can still be decided by themselves and when legal support is indispensable.

Comprehension

  • Students know important national and international corporate forms and can assess their advantages and disadvantages.
  • They understand the link between the choice of the legal form and corporate finance.
  • They are aware of the basic principles of the liability of the company and are aware of the legal risks of erroneous management decisions.

Application

  • Students can assess legal situations and are aware when an expert is to be consulted.
  • They are able to organise and monitor a due diligence process.
  • Students can apply an overview of important legal institutions of company law, business law and capital market law
  • They are familiar with the publicity and communication requirements and are able to act accordingly.

Analysis

  • Students can evaluate the advantages and disadvantages of different legal forms and contractual business arrangements in an international context.

Planned learning activities and teaching methods
  • Lectures 
  • Exercises on case studies 
  • Preparation and holding of presentations

Assessment methods and criteria
  • Written exam about general corporate law (30 %)
  • Presentation (30 %)
  • Term paper (40 %)

Comment

None


Recommended or required reading

At the beginning of the course, a reader is provided.

Further literature:

  • Brugger, Walter (2014): Unternehmenserwerb: Der Unternehmens- und Anteilskauf aus juristischer Sicht. Wien: MANZ Verlag.
  • Kalss, Susanne; Nowotny, Christian; Schauer, Martin (2017): Österreichisches Gesellschaftsrecht: Systematische Darstellung sämtlicher Rechtsformen. 2. Aufl. Wien: MANZ Verlag.
  • Ratka, Thomas; Rauter, Roman; Völkl, Clemens (2017): Unternehmens- und Gesellschaftsrecht, Band 1 + 2: Lernen - Üben - Wissen. 3. Aufl. Wien: MANZ Verlag.
  • Rieder, Bernhard; Huemer, Daniela (2016): Gesellschaftsrecht. 4. Aufl. Wien: Facultas.
  • Wöhe, Günter u.a. (2013): Grundzüge der Unternehmensfinanzierung. 11. Aufl. München: Vahlen.

Mode of delivery (face-to-face, distance learning)

Face-to-face instruction