[Lect.] The law sets a framework for market transactions and competition. However, in recent years, the law itself has become a commodity in many regions of the world and in various fields: especially corporate, bankruptcy and contract law, not to mention the settlement of disputes. Individuals and companies search for the most attractive rules of law and states compete for the favour of demanders through their offers. | Center for Advanced Studies: 26.10.2011 | Speakers: Robert Cooter, Hein Kötz | Moderation: Horst Eidenmüller