International Journal of Legal Science & Innovation
[ISSN 2581 – 9453]
Factors to be Considered for Determination of Centre of Main Interest (COMI)
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Pratyush Anand
Student at NALSAR University of Law, Hyderabad, Telangana, India
Abstract
The idea of the Centre of Main Interest (COMI) is essential when a company has money problems in more than one country. It helps decide which country's court should handle the main case. It also allows other countries to accept and follow what that court decides. This paper aims to study the elements that are considered when establishing COMI in a multi-jurisdictional insolvency scenario. This paper describes the essential elements that influence the unification of insolvency laws among various nations. It also incorporates information from scholarly papers, case studies, and other significant texts to clarify these essential aspects.
Type
Research Paper
Information
International Journal of Legal Science and Innovation, Volume 7, Issue 5, Page 27 - 35
DOI: https://doij.org/10.10000/IJLSI.112737Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
Copyright
Copyright © IJLSI 2021