kaal:claim:617681-019

European lawyers may advise clients to incorporate at home simply because those lawyers do not want to deal with the courts and lawyers of another Member State, which suppresses cross border incorporation independently of statute quality.

Source quote, verbatim

European lawyers thus may advise clients to incorporate at home simply because these lawyers do not want to deal with the courts and lawyers of another Member State.

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.3 Procedural Differences, p. 27
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

European legal education and practice, where procedural differences across Member States are large

Classification

failuresupport: arguedfailure: advisor-home-biasfamily: agency-cost-and-managerial-opportunismlaw-and-legal-systemseducation-and-practicerisk-and-incentives

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