Vanderbilt Law Review Volume 55 Issue 6 Issue 6 - Symposium: Convergence on Delaware: Corporate Bankruptcy and Corporate Article 6 Governance 11-2002 "Delaware is Not a State": Are We Witnessing Jurisdictional Competition in Bankruptcy? Marcus Cole Follow this and additional works at: https://scholarship.law.vanderbilt.edu/vlr Part of the Bankruptcy Law Commons Recommended Citation Marcus Cole, "Delaware is Not a State": Are We Witnessing Jurisdictional Competition in Bankruptcy?, 55 Vanderbilt Law Review 1845 (2003) Available at: https://scholarship.law.vanderbilt.edu/vlr/vol55/iss6/6 This Symposium is brought to you for free and open access by Scholarship@Vanderbilt Law. It has been accepted for inclusion in Vanderbilt Law Review by an authorized editor of Scholarship@Vanderbilt Law. For more information, please contact
[email protected]. "Delaware is Not a State": Are We Witnessing Jurisdictional Competition in Bankruptcy? Marcus Cole* I. THE RISE OF DELAWARE BANKRUPTCY ............................... 1850 II. LAWYERS' EXPLANATIONS FOR CHOOSING DELAWARE ....... 1859 A. The Factorsfor Lawyers ......................................... 1859 1. Predictability ............................................... 1859 2 . S p eed ............................................................ 1860 3. (The Absence of) "Real Law" .................1861 4. Sophistication of the Judges ....................... 1863 5. Responsiveness and Availability of the Ju dges .......................................................... 1864 6. Attorneys'