Article
The Challenge to Delaware's Preeminence in Corporate Law
Delaware Lawyer
(2009)
Abstract
This short essay suggests that the focus on federal-state jurisdictional conflict over regulation of corporate governance in the U.S. is misplaced, and that declining levels of IPO's in the U.S. should be a concern shared by lawmakers at both state and federal levels. Those who reflexively advocate inflexible federal governance rules of wide application -- as opposed to regulatory reforms aimed carefully at unboundedly risky financial practices -- should prevail only upon a clear understanding that the potential benefits of such governance rules outweigh the risks associated with them.
Keywords
- corporations,
- corporation law,
- delaware
Disciplines
Publication Date
Fall 2009
Citation Information
Lawrence A. Hamermesh. "The Challenge to Delaware's Preeminence in Corporate Law" Delaware Lawyer Vol. 27 Iss. 3 (2009) Available at: http://works.bepress.com/lawrence_hamermesh/40/