By Erin A. O'Hara
This day, a California resident can contain her transport enterprise in Delaware, sign up her ships in Panama, lease her staff from Hong Kong, position her profits 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 very likely heading off many points of the state's legislation. during this booklet, Erin O'Hara and Larry E. Ribstein discover a brand new point of view on legislations, viewing it as a product for which individuals and companies can store, despite geographic borders. The authors think of the constitution and operation of the marketplace this creates, the industrial, felony, and political forces influencing it, and the arguments for and opposed to a strong marketplace for legislation. via jurisdictional pageant, legislation markets promise to enhance our legislation and, by way of constructing simple task, streamline the operation of the felony procedure. however the legislation marketplace additionally limits governments' skill to implement laws and defend electorate from destructive actions. Given this tradeoff, O'Hara and Ribstein argue that easy contractual choice-of-law principles may help maximize some great benefits of the legislations marketplace whereas tempering its social charges. They expand their insights to a large choice of criminal difficulties, together with company governance, securities, franchise, belief, estate, marriage, dwelling will, surrogacy, and common agreement laws. The legislation industry is a wide-ranging and novel research for all legal professionals, policymakers, legislators, and companies who have to comprehend the altering function of legislations in an more and more cellular international.