Delaware's robust body of law and specialized judges make it attractive for corporate legal battles.
There's debate on federalizing corporate law, but it would require significant expansion of the federal government.
Elon Musk's stance on this is inconsistent with his other views on government size.
State law is likely to remain the primary jurisdiction for most corporate matters, except for publicly traded companies where federal securities law also plays a significant role.
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Episode notes
Business law expert Eric Talley, a professor at Columbia Law School, discusses a Delaware judge voiding Elon Musk’s multibillion dollar Tesla pay package for the second time. David Voreacos, Bloomberg legal reporter, discusses the hurdles with getting Gautam Adani extradited from India. June Grasso hosts.