Assimilation of US legal rules into European regulatory approaches may itself increase transaction costs for the jurisdiction that changes its law.
Source quote, verbatim
Assimilation of US legal rules in turn may result in increased
From
Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010), 4.1. European Jurisdictions and European Companies, p. 4 https://ssrn.com/abstract=1664809 · source PDF
Cite as
Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010). SSRN: https://ssrn.com/abstract=1664809
Holds when
jurisdictions that alter their law in response to US extraterritorial reach
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