Although the general context of business law contains Company Law, Negotiable Instruments Law, Maritime Law, and Insurance Law, we will discuss Company Law only in this class due to its significance for Business School students. The Company Law provides two functions. First, it establishes the structure for companies and their internal control rules to ensure efficient transactions. Second, it stipulates the legal strategies of preventing or decreasing the agency problem prominent in modern corporations. During this course, we will focus on the Company Limited by Shares structure since it is the most important form of company to which the core provisions of the Company Law are applicable. The functions of Company Limited by Shares will be introduced at first. We will then explain the corporate governance of the Company Limited by Shares. The measures governing the protection of minority shareholders and creditors will then be discussed. Finally, we will explore the alternatives of corporate financing and reorganization.