TY - JOUR
AU - Gelter, Martin
AB - In its opinions in the cases Centros, Überseering and Inspire Art, the ECJ has begun to open European corporate law for regulatory competition, as it has been discussed in the US for several decades. This article analyses the structural conditions of competition on the supply and demand sides of the market for corporate law, and the impact of supranational influence. In doing so, it identifies several factors that have received little attention in the incipient European debate. The supply-side analysis shows that a European Delaware is implausible because of the interdependence of competitive advantages and incentives to compete. On the demand side, an analysis of the effects of differences of financial structures indicates that a race to the bottom is more likely in Europe. The comparatively weak threat of supranational intervention in Europe makes actions and decision making an unlikely factor to affect the decisions of national actors.
TI - The Structure of Regulatory Competition in European Corporate Law
JF - Journal of Corporate Law Studies
DO - 10.1080/14735970.2005.11419935
DA - 2005-10-01
UR - https://www.deepdyve.com/lp/taylor-francis/the-structure-of-regulatory-competition-in-european-corporate-law-9FF1p2N2L3
SP - 247
EP - 284
VL - 5
IS - 2
DP - DeepDyve
ER -