Member States unwilling to incur the rule switching costs of conducting judicial proceedings in English could be precluded from marketing their corporate charters in other Member States that do not share their language.
Source quote, verbatim
Member States unwilling to incur the rule switching costs involved with using English in judicial proceedings could be precluded from marketing their corporate charters in other Member States that do not speak the same language.
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), D.I.1 Language Barriers, p. 24 https://ssrn.com/abstract=617681 · source PDF
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
Holds when
English being the only language widely understood throughout the EU
The quote above is an exact substring of the source PDF, whose sha256 is e142130507ea2f5b025fd97b3f762d44ee3a7aaa82b155aab63434b85e8fd834. Extraction method: pdf-text-layer. Attestation record: colloquium/attestations/c8334b68ca3d278b...json Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/617681-015.md | sha256sum