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ZUG2003 – Advanced corporations law

Undergraduate – Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.


Business and Economics


South Africa

  • Second Semester 2018

15 Credits


The principal aim of this module is to provide insight into the law governing different aspects of business, insolvency, secured commercial transactions and the law relating to insurance. The specific purpose of the module is to give students an understanding of the law relating to insolvency, including voluntary surrender and compulsory sequestration, the effects of sequestration, voidable dispositions, functions of the trustee, composition and rehabilitation, as well as corporate liquidation law, business rescue and aspects of cross-border insolvency. The module also provides insight into the law relating to the securitization of commercial transactions by means of instruments such as mortgage, pledge, liens and other hypothecs. The module also aims to give students an appreciation of the law relating to the contract whereby risk is transferred to the insurer, including the nature and formation of such contract, duties of the insured and the insurer, the premium, the insurable interest and the doctrine of subrogation.


  • Explain the law governing insolvency, its objectives and consequences of insolvency.
  • Identify and explain impeachable transactions.
  • Describe the process of sequestration and distinguish it from liquidation.
  • Explain the concept of insurance and discuss the law governing the contract of insurance.
  • Explain the concept of security in relation to commercial transactions and discuss the law relating to security.
  • Discuss the benefits of security.
  • Critically evaluate different solutions to a problem having regard to practical considerations.


Within semester assessment: 50%
Examination: 50%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this module is 150 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The module requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.


Corporations Law (ZUG1016)