# kaal:claim:617681-002

**Claim.** Under the seat theory, competition with respect to corporate law alone is impractical, because a corporation cannot choose a state's corporate law without also locating its principal place of business there and thereby submitting to that jurisdiction's other laws.

**Type.** mechanism  **Support.** argued

**Holds when.**

- jurisdictions applying the seat theory

**Source quote.**

> this context is impractical, because a corporation cannot choose the corporate law of a state without locating its principal place of business there and thus becoming subject to that jurisdiction's other laws.

**From.** Christian Kirchner, Richard W. Painter, Wulf A. Kaal, *Regulatory Competition in EU Corporate Law after Inspire Art Unbundling Delaware's Product for Euro* (2004), A. Introduction, page 5

**Cite as.** Christian Kirchner, Richard W. Painter, Wulf A. Kaal, Regulatory Competition in EU Corporate Law after Inspire Art Unbundling Delaware's Product for Euro (2004). SSRN: https://ssrn.com/abstract=617681

**Verify.** sha256 of source PDF `e142130507ea2f5b025fd97b3f762d44ee3a7aaa82b155aab63434b85e8fd834` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kirchner%20et%20al.%20-%202004%20-%20Regulatory%20Competition%20in%20EU%20Corporate%20Law%20after%20Inspire%20Art%20Unbundling%20Delaware%27s%20Product%20for%20Euro.pdf

**Topics.** economics

**Keywords.** seat-theory, incorporation-theory, regulatory-competition, type-a-competition

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