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2015/2016  KAN-CJURV7075U  Law and Management

English Title
Law and Management

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc/MSc in Business Administration and Commercial Law, MSc
Course coordinator
  • Andrej Savin - Law Department (LAW)
  • Veronica Grembi - Law Department (LAW)
Main academic disciplines
  • Business Law
  • Innovation
  • Management
Last updated on 13-02-2015
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: Upon completing the course, students should be able to
  • understand the interplay between law and management
  • use law proactively in management situations
  • learn to use law and legal tools to increase total value created and the share of that value captured by the firm
  • understand the relationship between law and business
  • use knowledge of law to avoid difficult dispute situations
  • learn to work with attorneys
Course prerequisites
No prerequisites.
Prerequisites for registering for the exam
Number of mandatory activities: 1
Requirements about active class participation (assessed approved/not approved)
Active class participation is required.
Examination
Law and Management:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Individual
Size of written product Max. 5 pages
Assignment type Case based assignment
Duration 24 hours to prepare
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Winter and Winter
Make-up exam/re-exam
Another examination form
Oral exam without preparation
Course content and structure

The main aim of the course is to provide training in managing the legal dimension of business. A typical setup in a modern corporation involves legal counsel at various stages – drafting and performing contracts, litigating, enforcing IP rights, etc. Modern businesses, however, require an understanding and knowledge of the interplay between law, business and society which is not independent of the role the attorneys play.  The course is based on an assumption that the quality of legal astuteness is a key managerial skill.
                                                          
The understanding of legal problems is crucial for modern managers as it is no longer possible only to include law at the dispute stage, i.e. to treat law as a pathological element. Therefore, the course attempts to present legal topics for their managerial importance and value rather than to teach black-letter law and/or litigations skills only.

The course includes an important law & economics component, teaching the future managers to analyse the legal problems from the viewpoint of efficiency. A number of topics (contracts, tort, intellectual property) therefore, have the law & economics theory component.
The topics included are:

  1. Law, Value Creation and Risk Management; Ethics and the Law
  2. Sources of Law, Courts and Dispute Resolution
  3. An economic theory of the legal process I
  4. An economic theory of the legal process II
  5. Contracts, Sales, Licensing and E-Commerce
  6. Economics of Contract Law
  7. Torts
  8. Economics of Tort Law
  9. Intellectual Property
  10. Trade Secrets and Non-Disclosure Agreements
  11. Economic Theory of Property
  12. Economic of IP law
  13. Marshalling Human Resources
  14. Business Organizations
  15. Directors, Officers and Controlling Shareholders

PLEASE NOTE: this class requires active in-class participation and preparation. You  WILL be cold-called. If you are not happy with this, please do not sign up for this class.

Teaching methods
The class is case-based. Cases are pre-assigned for each class and then discussed. Previous preparation is required. Traditional lectures with power points will not be provided.
Further Information

Changes in course schedule may occur
Wednesday 09.50-11.30, week 36-51
Expected literature

A combination of chapters from the following will be used

Constance E. Bagley: Managers and the Legal Environment - Strwtegies for the 21st Century (International edition, Southwestern CENGAGE 2013)
http://www.cengagebrain.co.uk/shop/isbn/9781133485957

Cotter & Ullen, Law and Economics (6th. edition 2012, Addison-Wesley)
http://www.mypearsonstore.com/bookstore/law-and-economics-9780132540650?xid=PSED

Aprox. 3-4 cases on Harvard Business Publishing
http://hbsp.harvard.edu/
Last updated on 13-02-2015