kaal:claim:617681-007

Mobility costs for a corporation are probably higher when changing the jurisdiction of incorporation means changing not only the applicable corporate law but also the courts that will apply it.

Finally, mobility costs are probably higher if changing jurisdictions of incorporation means changing not just the applicable corporate law, but also the courts that will apply that law.

Christian Kirchner, Richard W. Painter, Wulf A. Kaal, Regulatory Competition in EU Corporate Law after Inspire Art Unbundling Delaware's Product for Euro (2004), B.II Mobility Costs, Path Dependencies and Rule Switching Costs, p. 14
https://ssrn.com/abstract=617681 · source PDF

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

mechanismsupport: arguedinstitutional-design

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