First Year Summer Session
(July/August – required for foreign attorneys)
Introduction to U.S. and Delaware Law and Legal Institutions (1 credit)First Year Fall Semester
Delaware Business Organizations (3 credits)
Basic Principles in U.S. Accounting, Finance and Commercial Contracts (3 credits)First Year Spring Semester
U.S. Business Taxation (3 credits)
U.S. Securities Regulation for Foreign Lawyers (3 credits)Second Year Fall Semester
Advanced Delaware Corporation Law (3 credits)
Corporate Bankruptcy and Reorganization under Chapter 11 (3 credits)Second Year Spring Semester
Litigating Business Entity Disputes in Delaware Courts (3 credits)
Advanced Delaware Alternative Entity Law, with legal writing component (2 credits)Contact Information
Secretary: Karla Harris
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4601 Concord Pike
P.O. Box 7474
Wilmington, DE 19803
The 24 credit online corporate LLM program consists entirely of required courses, each of which is described below. There are no elective courses in this program. To complete the online corporate LLM program, a degree candidate must successfully complete each of the following courses.
INTRODUCTION TO U.S. LAW & LEGAL INSTITUTIONS (1 credit)
This course introduces the U.S. legal system and its legislative and judicial processes, and explores how a legal rule is generated and maintained by the judicial system. Emphasis will be placed on civil practice, the interpretation of legislation and the development of the law through the court systems.
DELAWARE BUSINESS ORGANIZATIONS (3 credits)
This survey course analyzes the conduct of business in each of the principal forms of Delaware business organizations, and the relative rights and liabilities of the members of such organizations and third persons. The course reviews the Delaware Uniform Partnership statute, the Delaware Limited Liability Company Act, and the Delaware General Corporation Law and considers the legal and equitable principles governing agency and partnership relationships as well as corporations.
BASIC PRINCIPLES IN U.S. ACCOUNTING, FINANCE AND COMMERCIAL CONTRACTS (3 credits)
This course introduces concepts and documents with which business lawyers should be conversant. These concepts and documents include basic accounting principles, present value and risk, discounted cash flow analysis, option value, basic financial analytical tools, and basic business financing forms (including trust indentures, shareholder agreements, and preferred stock terms).
U.S. BUSINESS TAXATION (3 credits)
This course surveys and analyzes the U.S. federal system of income taxation. Topics include gross receipts, gross and net income, exclusions, deductions, credits, rates and tax accounting.
U.S. SECURITIES REGULATION FOR FOREIGN LAWYERS (3 credits)
This course examines the public distribution of securities under the Securities Act of 1933 (including American Depositary Receipts) and select issues in the trading of securities governed by the Securities Exchange Act of 1934, including securities fraud, insider trading, tender offers and proxy regulation.
ADVANCED DELAWARE CORPORATION LAW (3 credits)
This course explores cutting edge concepts of fiduciary standards of conduct and standards of judicial review as developed in the leading Delaware corporate cases in this area, as well as the litigation process. The course focuses principally, but not exclusively, on publicly owned and traded corporations.
CORPORATE BANKRUPTCY AND REORGANIZATION (3 credits)
This course examines all facets of corporate reorganization under Chapter 11 of the United States Bankruptcy Code. The course will deal with the responsibilities of counsel and the duties of the debtors and will explore the mechanisms by which the rights of corporate creditors are adjusted and compromised in the reorganization process.
LITIGATING BUSINESS ENTITY DISPUTES IN DELAWARE COURTS (3 credits)
This course focuses on the practical and strategic aspects of litigating a business entity dispute in the Delaware court system, with particular emphasis on fiduciary litigation in the Delaware Court of Chancery. Pleading rules, discovery and motion practice in the context of such litigation are also explored.
ADVANCED DELAWARE ALTERNATIVE ENTITY LAW, WITH LEGAL WRITING COMPONENT (2 credits)
This course examines business issues arising with Delaware alternative business entities (i.e., entities other than corporations) including general partnerships, limited liability partnerships, limited partnerships and limited liability companies. The course focuses on the intersection of fiduciary and contractual duties and the opportunities for parties to modify, reduce or eliminate fiduciary obligations in favor of a purely contractual business entity. Note that this course also includes a legal writing component that will require students to complete a graded legal writing assignment that analyzes an issue of Delaware alternative entity law.
The Widener Law Institute of Delaware Corporate & Business Law
strives to serve as a forum for interaction between business law scholarship and business law practice. The law governing both corporations and other business entities profits from active engagement among lawyers, judges, legislators, and scholars who practice, study, and define it. Involving today’s students in this process promotes the development of tomorrow’s business law practitioners. The governing credo of the Institute is “corporate and business law scholarship in service of practice.” Widener Law's online corporate LLM program is offered by and under the direction of the Institute.Lawrence A. Hamermesh
Ruby R. Vale Professor of Corporate and Business Law
Director, Widener Institute of Delaware Corporate and Business Law
Professor Lawrence A. Hamermesh received his B.A. from Haverford College in 1973 and his J.D. from Yale Law School in 1976. Professor Hamermesh joined the Widener faculty in 1994. Prior to joining Widener, Professor Hamermesh worked as associate with Morris, Nichols, Arsht & Tunnell in Wilmington, Delaware, from 1976-84, and as a partner at Morris, Nichols from 1985-94.
Professor Hamermesh writes extensively in areas of corporate and business law. Since 1995 he has been a member of the Corporation Law Council of the Corporation Law Section of the Delaware State Bar Association, which is responsible for the annual review and modernization of the Delaware General Corporation Law, and was Chair of the Council from 2002-2004. Professor Hamermesh also serves as a faculty advisor to the Delaware Journal of Corporate Law
.Paul L. Regan
Associate Professor of Law
Associate Director of the Institute of Delaware Corporate and Business Law
Professor Paul L. Regan received a B.S. from Villanova University in 1979 and a J.D. from Temple University in 1982. Following graduation from law school, Professor Regan served as a litigation associate with Fellheimer, Eichen & Goodman, Philadelphia, Pennsylvania, from 1982-83; litigation a associate with Liebert, Short, Fitzpatrick & Lavin, Philadelphia, Pennsylvania, from 1983-85; and a corporate litigation associate with Skadden, Arps, Slate, Meagher & Flom, Wilmington, Delaware, from 1985-94. Professor Regan joined the faculty at Widener as visiting associate professor of law and served in that capacity from 1994-1995. Since 1995, Professor Regan has served as an associate professor of law.
For more information on the Institute please visit the official page of the Institute of Delaware Corporate and Business Law