I did a post on the HSF AC on this thread a week or so ago, i'll copy it again here.
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Copy of previous post:
I’ve read so many posts about HSF AC help, so I’ll do this and hopefully others who still need help will see it.
I am a science student, and got quite buggered by HSF at the start of Jan, felt really let down as I was very passionate yet got rejected because of my lack of knowledge on financial deals/business structure.
3 stages, as we all know: competency, case study, scenario, we need not discuss competency as that’s straight forward, right?
Case Study:
Read some documents, deduce potential economical/legal pitfalls within the documentation (terms, exclusivity contract etc) discuss them with the partner, you are advising him as if he is your client.
Recommendation is to structure your answer clearly, baring in mind short/medium/long term consequences and as always, try and build rapport.
Scenario:
Changes for everyone, but you are told that the client is in position X (they are in a bad situation) and need our advice, what must we consider, who is going to be affected, what is our goal (basically focus on preserving stock value, that is what the client and shareholders really care about) - I recommend researching how a business is structured, in terms of executive/non-executive directors, share-holders etc.
I hope this is clear, it may not be, but I tried.
If you are non-law, you are NOT meant to know any legal implications in any great detail, however, you are not safe from the economics/business, that was my downfall - and I think that’s unfair to be honest, but whatever, best of luck!