ECON-1006EL Study Guide - Quiz Guide: European Corporate Law
12 Oct 2020
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Document Summary
Undesired phenomenon because it can lead to unfair competition as one country may attract more investors and businesses than another legislation because the latter does not have the company laws in place they desire. Early 60"s it was anticipated that there would be strong harmonization, necessary in the field of freedom of establishment. Free choice of incorporation, in delaware the flexible the statute was already created and most companies had the choice of how to conduct. In the 70"s and 80"s the eu concept slows down and changes, liberalization of the market was met with scepticism. Fear of delaware in eu and desire of stricter company rules + appeared to be difficult to harmonise different company laws within eu. There is secondary law, very relevant and important, and some cover important and have helped in the development of company law rules in certain jurisdiction (regulatory competition was addressed within the company law directives).
