Both in corporate finance and investments, lawyers are important. Corporate restructuring transactions such as a merger, takeovers, and joint ventures almost do not come to be without legal advice and involvement of lawyers.
In investments, lawyers play a key role in the establishment and structure of the investment and often serve as negotiators in investment transactions. Of these transaction processes, finance, accounting and economics are crucial aspects.
In the field of finance, issues like valuation, cost of capital, understanding of cash flows and the time value of money should be part of the knowledge of all those involved in the transaction.
Accountancy issues are important in the due diligence of the transaction, while economic theories of agency and corporate governance form the basis for the structuring of investment vehicles and management compensation.
In all these disciplines, lawyers may have some difficulties since their training do not usually finance-related issues. Most times they operate in multidisciplinary teams including client representatives, investment bankers, accountants and the lawyers themselves. The other players often have strong finance or accounting background, which puts the lawyers at a greater disadvantage in their understanding of the issues involved and vocabulary.
Apart from the theoretical lectures, extensive practical implementation of the analytical tools in some smaller cases will be treated. Based on available time, professional language and terminologies will also be covered.