A European Perspective on the Federalization of Shareholders’ Rights
Fordham Law News
MARCH 24, 2021
Supporters of the “race to the bottom” theory claim that Delaware, by relying on incorporation fees and franchise taxes for a substantial share of its revenues, [3] is incentivized to offer managerial-oriented corporate law, as directors decide where to incorporate. [4] Bebchuk, The Case for Increasing Shareholder Power , 118(3) Harv.
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