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Deleted user
posted 2 years ago
Insolvency governing law
In multinational corporates, their insolvencies are subject to domestic legal rules of where it is registered, or the court selects it?
Country
  • Turkey
  • India
  • Afghanistan
  • Algeria
  • France
Fields:
  • Corporate and Company
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mkarabiyik
Deleted user
Lawyer
posted 2 years ago
The law to be applied in the transactions and relations regarding private law with a foreign element will be determined by the courts according to the international private law legislation of that country. The law to be applied in the operation of multinational companies is the law of the country where their headquarters and branches are registered.
mastromauro
Deleted user
Lawyer
posted 2 years ago
nope, they should be subjected to "domestic legal rules of where they are registered"
advocaterenuka
Deleted user
Lawyer
posted 2 years ago
Jurisdiction matters a lot. At the same time, amount calculations also concerned.