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DRPS : Course Catalogue : School of Law : Law

Postgraduate Course: Insolvency Law (LAWS11297)

Course Outline
SchoolSchool of Law CollegeCollege of Humanities and Social Science
Course typeStandard AvailabilityNot available to visiting students
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) Credits20
Home subject areaLaw Other subject areaNone
Course website None Taught in Gaelic?No
Course descriptionAn examination of selected issues of insolvency law, including personal and corporate insolvency. The course will primarily focus on law within the United Kingdom and will take an advanced look at a variety of topics. Theoretical and comparative law material from a variety of systems (in Europe and the anglo-american tradition) will be used to examine the subjects studied.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Additional Costs None
Course Delivery Information
Delivery period: 2013/14 Semester 2, Not available to visiting students (SS1) Learn enabled:  No Quota:  25
Web Timetable Web Timetable
Course Start Date 13/01/2014
Breakdown of Learning and Teaching activities (Further Info) Total Hours: 200 ( Seminar/Tutorial Hours 20, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 176 )
Additional Notes
Breakdown of Assessment Methods (Further Info) Written Exam 0 %, Coursework 100 %, Practical Exam 0 %
No Exam Information
Summary of Intended Learning Outcomes
By the end of the course, students should have:
(1) general knowledge and understanding of the fundamental legal concepts underpinning insolvency law as discussed in the course, as well as knowledge and understanding of the legal rules applicable in these areas arising in national and comparative contexts;
(2) an in-depth knowledge and understanding of some particular areas of law within this broader framework;
(3) an advanced ability to differentiate between and use appropriately primary and secondary sources of law, and identify, retrieve and use relevant and appropriately up-to-date legal information ensuring sources that are up-to-date, appropriate to the context of insolvency law;
(4) an advanced ability to identify accurately the issues which require to be researched, and to formulate them clearly;
(5) an advanced ability to analyse, evaluate, and interpret primary and secondary legal sources relevant to insolvency law, and to view critically existing legal rules within that context;
(6) an advanced ability to produce a synthesis of relevant evidence (eg doctrinal and policy issues) in relation to a topic studied in insolvency law and to make a critical judgment of the relative and absolute merits of particular arguments and solutions;
(7) an advanced ability to understand and use the English language proficiently in relation to legal matters being able systematically to structure academic writing, expressing views and ideas succinctly, pursuing and argument with proper care and attention to academic literature with proper recognition of counter-arguments;
(8) an advanced ability to present knowledge or an argument in a way which is comprehensible to its intended audience, directed to the concerns of that audience (both orally and in writing);
(9) an advanced ability to read and discuss legal materials relating to insolvency law which are written in technical and complex language;
(10) an ability to produce a word-processed essay and to present such work in an appropriate form;
(11) an advanced ability use language proficiently in relation to insolvency law and specifically to use appropriate legal terminology in work, and to use recognised methods of citation and reference, and to structure a substantial and appropriately referenced piece of work, present it concisely and express oneself clearly and coherently in which the student should demonstrate the ability to articulate, evidence and sustain a line of argument and to engage in a convincing critique of counter-arguments;
(12) an advanced ability to display an informed knowledge and understanding of the social and economic contexts in which law operates and how law responds to these social and economic contexts by displaying legal knowledge in association with related policy and underlying social conditions; and
(13) to develop the ability to evaluate and critique legal and scholarly material.
Assessment Information
Assessed coursework - with students writing a 5,000 word essay answering one of a range of questions set by the internal examiner 100%
Special Arrangements
This would not be a compulsory course for any programme but would form part of the programme on the LLM Commercial law
Additional Information
Academic description This course is intended to form one of two courses to replace the existing Law relating to debt and Insolvency LLM class.
Syllabus The syllabus will vary from year to year to cover subjects of topical interest but may include: the history of insolvency law; terminology; theories of insolvency law (examining economic and social theories underpinning the legal framework); consumer insolvency; why businesses fail; the distinction between "balance sheet" and "cash flow" insolvency; personal insolvency processes; discharge of debtors; winding up; ranking; set-off in insolvency processes; receivership; corporate rescue; administration; pre-packaged administrations; challengeable transactions in insolvency and the actio Pauliana; wrongful and fraudulent trading; cross-border insolvency.
Transferable skills See learning outcomes for identification of the transferable skills in communication, research, personal effectiveness, and personal autonomy.
Reading list This is an illustrative reading list as subject matter will vary dependent on topics studied. However, it includes various general textbooks. Our library holdings are good as we teach insolvency law at various levels, and holdings have sufficed to cover the existing law relating to debt and insolvency LLM class.

Insolvency Law and Pratice (Report of the review committee chaired by Sir Kenneth Cork CBE, 1982, Cmnd 8558) (┐the Cork report┐)
V Finch, Corporate Insolvency Law: Perspectives and Principles (2nd edn, 2009)
RM Goode, Principles of Corporate Insolvency Law (4th edn, 2011)
RJ Mokaal, Corporate Insolvency law: theory and application (2005)
TH Jackson, The logic and limits of bankruptcy law (1986)
A Keay and P Walton, Insolvency law: corporate and personal (3rd edn, 2012)
WW McBryde, Bankruptcy (2nd edn, 1995)
DW McKenzie-Skene, Insolvency law in Scotland (1999)
JB St Clair and Lord Drummond Young, The law of corporate insolvency in Scotland (4th edn, 2011)
Study Abroad Not entered
Study Pattern 2 hour seminar per week for one semester. By preference the course would be taught in the second semester
Keywordslaw, commercial law, insolvency, bankruptcy, administration, receivership, pre-packaged administrati
Course organiserMr Scott Wortley
Tel: (0131 6)51 4307
Course secretaryMiss Amanda Mackenzie
Tel: (0131 6)50 6325
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