Instructor(s): Jeffrey MacIntosh
Pre-requisites/Co-requisites
Business Organizations

For graduate students, the course number is LAW7000Y.

The primary aim of this course is to develop doctrinal and analytical fluency in the following areas:

  1. an overview of the functioning of Canadian capital markets, including both primary markets (e.g. different types of underwritings) and secondary markets (e.g. role of the stock exchanges, alternative trading systems, etc.);
  2. the relationship between corporate law and securities law;
  3. the role played by securities regulation in investor protection and fostering market efficiency;
  4. primary market disclosure obligations;
  5. prospectus exemptions;
  6. liability for primary market misrepresentation;
  7. secondary market disclosure obligations;
  8. liability for secondary market misrepresentation;
  9. takeover bids;
  10. insider trading; and
  11. the discretionary powers of securities regulators.

In addition to developing doctrinal fluency, the above-noted topics will be critiqued from a policy perspective (e.g. Do we really need comprehensive prospectus disclosure? Are the takeover bid rules optimal from a shareholder and/or societal perspective?).

Evaluation
will be by a final 3-hour open book examination.
Academic year
2019 - 2020

At a Glance

First Term
Credits
4
Hours
4

Enrolment

Maximum
78

72 JD
6 LLM/SJD/MSL/NDEGS/SJD U

Schedule

M: 2:10 - 4:00
W: 2:10 - 4:00