Corporations & Financial Markets Law 7e

Corporations and Financial Markets Law is a highly respected, standard work in Australian legal scholarship and is now in its seventh edition.  It is primarily designed as a teaching text for courses on corporations law and financial market regulation. The twin concerns of the book are the core principles of corporations law and the advanced treatment of corporate finance, corporate fundraising, financial market regulation and takeovers.

The book’s approach remains the same as in previous editions.  It is shaped by the belief that the study of the law governing corporations and financial markets involves not only close attention to detailed statute, case law and administrative and market regulation but also to underlying values, policies and theories, and the contexts in which law and regulation operate.

The book intersperses the author’s text with primary material, principally drawn from judicial decisions, to enable users to understand in depth the principles and operation of corporations and financial markets law. Notes and review problems are included to strengthen understanding. 

This seventh edition has been thoroughly revised.  It incorporates major legislative,  judicial and regulatory developments since the last edition, such as separate personality doctrines within corporate groups, corporate agency doctrines, the reach of liability regimes to shadow and de facto directors and officers, duties of care and skill, the business judgment rule, duties of good faith and conflict avoidance, shareholder remedies, corporate dividend distributions, continuous disclosure obligations, the structure of financial market regulation following transfer to ASIC of primary responsibility for market supervision, market misconduct, insider trading and takeover regulation.

Corporations and Financial Markets Law is a highly respected, standard work in Australian legal scholarship now in its seventh edition.  It is primarily designed as a teaching text for courses on corporations law and financial market regulation. The twin concerns of the book are the core principles of corporations law and the advanced treatment of corporate finance, corporate fundraising, financial market regulation and takeovers.

The book’s approach remains the same as in previous editions.  It is shaped by the belief that the study of the law governing corporations and financial markets involves not only close attention to detailed statute, case law and administrative and market regulation but also to underlying values, policies and theories, and the contexts in which law and regulation operate.

The book intersperses the author’s text with primary material, principally drawn from judicial decisions, to enable users to understand in depth the principles and operation of corporations and financial markets law. Notes and review problems are included to strengthen understanding. 

This seventh edition has been thoroughly revised.  It incorporates major legislative,  judicial and regulatory developments since the last edition, such as separate personality doctrines within corporate groups, corporate agency doctrines, the reach of liability regimes to shadow and de facto directors and officers, duties of care and skill, the business judgment rule, duties of good faith and conflict avoidance, shareholder remedies, corporate dividend distributions, continuous disclosure obligations, the structure of financial market regulation following transfer to ASIC of primary responsibility for market supervision, market misconduct, insider trading and takeover regulation.

1. Partnership

2. The Historical, Insitutional and Social Context of Corporations Law

3. The Corporate Life Cycle

4. Some Consequences of Corporate Personality

5. Directors and Managers

6. Shareholdres Acting Collectively: The Company in General Meeting

7. The Duties and Liabilities of Directors and Managers

8. Shareholder Remedies

9. Corporate Finance

10. Corporate Fundraising

11. Finanacial market regulation

12. Takeovers