Corporate Wars and Choice of Law

On the occasion of the increase in corporate wars and takeover battles, the author examines the constitutional and conflict of laws issues involved in choosing the law to govern the internal affairs aspects of the defensive and offensive strategies and tactics used in the various confrontations. This leads to a review of recent judicial and legislative developments, including the antitakeover statutes, to an examination of the traditional and the new conflict-of-laws methodologies as they affect internal corporate affairs, and to an analysis of the implications of the due process, full faith and credit, and, especially, the commerce clauses of the United States Constitution. Finally, the extraterritoriality of the internal affairs dimension of federal securities regulation and the imposition of controls over multinational enterprises are explored.