Company Law and Corporate Finance [Paperback]

Eilis Ferran (Author)

Book Description

ISBN-10: 019876393X | ISBN-13: 978-0198763932 | Publication Date: June 1999

The limited company is the dominant type of organisational structure for businesses operating in the UK it is the best available mechanism for raising finance and diversifying financial risk. This book identifies the company as a financing vehicle and explains how the law facilitates the raising of finance by providing the corporate form and methods of financing that match the changing needs of a business through its life. The approach sets this book apart from other legal texts and provides it with its distinctive orientation. The rules relating to share capital, debt finance and public offers of securities are clearly explained with emphasis throughout on their practical operation and on the interests that these requirements are intended to protect. Topical corporate finance issues, such as the ways in which companies can return value to their shareholders, are examined. The corporate governance implications of raising finance from external investors are considered. Key corporate governance issues such as the role of non-executive directors and institutional investors are analysed. For companies that have outside investors, market driven codes of best practice and Stock Exchange requirements can be just as important as the companies legislation and case law. Through the programme of harmonisation, European law now exerts a major influence. These different strands of law and regulation are woven together in the book and there is a timely discussion of areas where reform is necessary or desirable. This is the first book in the UK to deal with the technicalities of company law within a wider framework that recognises the importance of market forces and corporate governance and which seeks to explain to wider audience issues about corporate finance theory and practice that are familiar to financial economists. This is will enable students to develop a wider and more realistic understanding of the operation of company law than is provided by existing texts.

Editorial Reviews

Review

"A timely publication which examines corporate finance from a lawyers perspective", John Lowry, University of Warwick

About the Author

Eilis Ferran is University Lecturer in Law at Cambridge University and a Fellow of St Catharine's College. She is currently the Assistant Director of the Cambridge University Law Faculty's Centre for Corporate and Commercial Law. She is also consultant to the major City law firm Slaughter and May.

Product Details

• Paperback: 658 pages
• Publisher: Oxford Univ Pr (June 1999)
• Language: English
• ISBN-10: 019876393X
• ISBN-13: 978-0198763932
• Product Dimensions: 9.6 x 6.7 x 1.5 inches
• Shipping Weight: 2.6 pounds
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #4,317,746 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

5.0 out of 5 stars unique and accomplished, December 13, 2007

By 

offshore "RT" (Channel Islands) - See all my reviews

This review is from: Company Law and Corporate Finance (Hardcover)

It's amazing that there virtually no treatments of company law that try to integrate fully corporate finance principles. This is not a corporate finance text, but it does explain company law by reference to finance principles right from the beginning - eg chapter 2 is entitled "corporate finance structure - basic legal, accounting and financing considerations". This approach is essential for anyone aspiring to be, or practising as, a capital markets, financial services or funds lawyer. The book is thorough and full of insights. It explains topics that ought to be explained in every company law text but aren't (there are whole chapters on distributions, subordinated debt, IPOs and rights issues), as well as more conventional topics that obviously impact upon financing decisions (directors' duties). There is a second edition underway for July 2008, but perhaps better not to wait - buy the current paperback edition.