# kaal:claim:617681-020

**Claim.** No Member State currently has courts specializing in corporate law comparable to the Delaware Court of Chancery, and establishing such courts or upgrading existing ones would be expensive for most Member States, with high marginal costs as usage grows.

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

**Holds when.**

- Member States considering exporting adjudication along with statutes

**Source quote.**

> No Member State currently has courts that specialize in corporate law as does the Delaware Court of Chancery. Establishing such specialized courts, or raising the level of expertise of existing courts, would be expensive for most Member States

**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.4 Costs of Building a Judicial System for Export, page 27

**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.** law-and-legal-systems, risk-and-incentives

**Keywords.** court-of-chancery, specialized-courts, marginal-cost, barriers-to-entry

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