Market Standards in Financial Contracting: The Euro’s Effect on Choice of Law in European Debt Securities

URN to cite this document:: urn:nbn:de:bvb:355-epub-370053
DOI to cite this document:: 10.5283/epub.37005

Engert, Andreas ; Hornuf, Lars

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Date of publication of this fulltext: 15 May 2018 08:47

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Abstract

The introduction of the Euro ushered in a rise to dominance of English contract law in European debt securities. Corporate issuers in the Euro zone chose English law significantly more often than a control group from other European countries. The Euro effect on choice of law is particularly strong for debt securities in local markets that, arguably, were most affected by the Euro. The Euro effect ...