Corporate Contracting Around Defective Regulations: The Daimler-Chrysler Case

13 Pages Posted: 10 Nov 1998

See all articles by Theodor Baums

Theodor Baums

J.W. Goethe University, Frankfurt/Main; European Corporate Governance Institute (ECGI)

Date Written: June 1998

Abstract

In its first part, the paper discusses the possibility of a competition of mandatory rules (as opposed to a competition of regulators) in corporate law, in other words, the self-correction of a regulatory system. The main part of the paper is a case study. The legal structure of the Daimler-Chrysler merger is described and analyzed. The paper shows how and to what extent the parties to this deal were able to contract around defective regulations of mandatory German corporate law.

JEL Classification: L5, L62

Suggested Citation

Baums, Theodor, Corporate Contracting Around Defective Regulations: The Daimler-Chrysler Case (June 1998). Available at SSRN: https://ssrn.com/abstract=131730 or http://dx.doi.org/10.2139/ssrn.131730

Theodor Baums (Contact Author)

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