By Erin A. O'Hara
This day, a California resident can contain her delivery company in Delaware, check in her ships in Panama, rent her staff from Hong Kong, position her gains in an asset-protection belief shaped within the Cayman Islands, and input right into a same-sex marriage in Massachusetts or Canada--all the whereas having fun with the California sunshine and almost certainly keeping off many elements of the state's laws.
during this ebook, Erin O'Hara and Larry E. Ribstein discover a brand new point of view on legislation, viewing it as a product for which individuals and corporations can store, despite geographic borders. The authors think about the constitution and operation of the industry this creates, the commercial, felony, and political forces influencing it, and the arguments for and opposed to a strong marketplace for legislation. via jurisdictional festival, legislations markets promise to enhance our legislation and, via developing sure bet, streamline the operation of the criminal procedure. however the legislation marketplace additionally limits governments' skill to implement rules and shield voters from destructive actions. Given this tradeoff, O'Hara and Ribstein argue that straightforward contractual choice-of-law ideas may also help maximize the advantages of the legislation marketplace whereas tempering its social bills. They expand their insights to a wide selection of criminal difficulties, together with company governance, securities, franchise, belief, estate, marriage, residing will, surrogacy, and common agreement regulations.
The legislation Market is a wide-ranging and novel research for all attorneys, policymakers, legislators, and companies who have to comprehend the altering function of legislation in an more and more cellular world.
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