Faculty of Law Undergraduate Handbook - Faculty of Law - The ...

Content Outline• Difference between close/widely held companies. Different types of securities. Why regulate markets? History of NZsecurities regulation• Current legislative framework• NZX, Securities Commission, Takeovers Panel• Listed companies. Role of the NZX. Obligations of the Listing Rules. Key post-admission compliance: materialtransactions, related parties etc. Waivers, rulings, surveillance• Substantial security holder regime and Continuous Disclosure under the Securities Markets Acts 1988• Insider Trading and Market Manipulation• Takeovers — Background• Key concepts in Takeovers Act and Code: “Code Company”, “Voting Security” etc.• Key steps in bid process. Strategies and defensive tactics.• Takeovers Panel• Recent Panel Case Studies• Capital raising under the Securities Act 1978• Overview of the structure of the 1978 Act, the Securities Regulations 1983, and Exemption Notices• Concepts of “the public”, “issues”, and “securities”AssessmentFinal Examination (Plussage 30% Opinion)Prescribed Text/sCopies of Securities Act 1978, Securities Markets Act 1988, Takeovers Act 1993, Takeovers CodeLAW 492 — Banking LawCredit Points: 15 pointsOffered: First SemesterContact Hours: Lectures — 3 hours per weekCoordinator: Christopher HarePrerequisites: LAW 241 or COMLAW 201Corequisite: LAW 306Restriction: LAW 487, COMLAW 308Course Description:Banking Law involves the application of basic contractual, tortious and restitutionary principles to the banking context.It also encompasses general and bank-specific legislation dealing with such diverse issues such as the prudentialsupervision of banks (Reserve Bank of New Zealand Act 1989), the protection of consumers in their dealings withbanks (Fair Trading Act 1986, Consumer Guarantees Act 1993), the operation of bank payment systems (Bills ofExchange Act 1908, Cheques Act 1960) and the prevention of money-laundering and the financing of other unlawfulactivities (Crimes Amendment Act 1995, Financial Transactions Reporting Act 1996).The aim of the course is to provide the student with an understanding of the basic principles of banking law to enablehim or her to deal with the real-life banking law issues that are likely to arise in commercial practice.Content Outline:The course will focus on the transactional side of banking law rather than upon the regulatory aspects of the subjectand will concentrate on the domestic rather than the international aspects of banking law (such as documentaryletters of credit, standby letters of credit, performance bonds and export credit guarantees) as these will be covered indetail in LAW 476 International Sales and Finance. The course will not cover the issues arising out of banks taking2010 Faculty of Law Handbook | 65