LE1041 | Law & Economics

This research-based seminar deals with the theory and praxis of law-and-economics. The appellation ‘20|20’ in the title is intended to refer to 20 (twenty) case laws and 20 (twenty) readings of book chapters (or law review articles) over 20 (twenty) seminars detailed below. Whilst the methodology of law-and-economics has been applied to a mélange of fields, this course will focus upon the application of law-and-economics in the context of Indian corporate/commercial laws.  This is an elective course indicated (but not mandated) by the Bar Council of India in its Legal Education Rules 2008.
This course builds upon the foundation of legal methods, jurisprudence, corporate law 1 and corporate law 2.  The approach of the course is that of a synthesis between theory (jurisprudence) and practice. The choice of materials is a mix of statutes, case laws and secondary readings as identified below.  The statutory materials primarily include enactments such as the Companies Act 2013, the Competition Act 2002, the Insolvency and Bankruptcy Code 2016, Securities Contract Regulation Act 1956 and Securities and Exchange Board of India Act 1992. The course will rely upon relevant statutory instruments (rules, regulations and circulars) issued in terms of these statutes.  The pedagogical method will consist of (the Socratic Method inspired) discussions and class participation based upon assigned readings.
The course deals with relevant case laws and current developments. Whilst it is not the primary focus of the course, wherever relevant, it compares the Indian legal regime with that of the US, the EU and the UK. The layout of the course involves readings foundational materials in first few weeks followed by advanced readings.