Published online by Cambridge University Press: 22 December 2010
Let 2 be the space of the holomorphic foliations on ℂℙ2 of degree 2. In this paper we study the linear action PGL(3, ℂ) × 2 → 2 given by gX = DgX ^(g−1) in the sense of the Geometric Invariant Theory. We obtain a characterisation of unstable and stable foliations according to properties of singular points and existence of invariant lines. We also prove that if X is an unstable foliation of degree 2, then X is transversal with respect to a rational fibration. Finally we prove that the geometric quotient of non-degenerate foliations without invariant lines is the moduli space of polarised del Pezzo surfaces of degree 2.