Prof. Ribstein has a post that analyzes the competition among countries in Europe as a location for businesses to incorporate, in the manner that some say U.S. states compete. He asks whether London is the Delaware of Europe or the Wal-Mart of Europe for that purpose. He maintains that the competition among jurisdictions for corporations is not based on fees, “it’s based on lawyers”. Moreover, he concludes that: “…someday in the not distant future Delaware’s competition will not be Washington, as Mark Roe has suggested it is now, but London.” Here is the link:
Ideoblog: Corporate charter competition in Europe