5.01 Regulatory competition is a term that has been used in US legal scholarship to describe the competition amongst States to attract incorporations of companies in their jurisdiction. Its origins can be traced to the beginning of the twentieth century when New Jersey was dominating the market of incorporations, until its Governor of the time, Woodrow Wilson, introduced legislation to restrict stock ownership and redefine the business trust.1 New Jersey’s popularity decreased and Delaware emerged in its place. It has since then dominated the market for...
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