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

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. takeover bids;  
  9. insider trading; and  
  10. 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. The examination will consist of a combination of essay, short answer, legal advice, issue-spotter, and policy questions. Students will have access to their hard drives but not the internet.
Academic year
2024 - 2025

At a Glance

Second Term
Credits
4
Hours
4

Enrolment

Maximum
78

75 JD
3 LLM/SJD/MSL/SJD U

Schedule

T: 10:30 am - 12:20 pm
Th: 10:30 am - 12:20 pm