Understanding Company Law, 2nd edition, is an introductory textbook for students at polytechnics and universities studying the law of companies and partnerships. The book covers the essential concepts of company law, partnership, insolvency, securities, and takeovers and amalgamations. This second edition is fully updated to take account of developments since the first edition. In particular, there is a new separate chapter on joint ventures, and the areas of limited partnerships, voidable transactions, securities law, and takeovers, have been substantially reviewed. Understanding Company Law, 2nd edition, provides students with sufficient knowledge to develop a critical analysis and understanding of the law. The law is presented in the context of critique, along with its uncertainties, ambiguities and problems, rather than a mechanical description of the rules, making company law easier to understand.