COMI (Center of Main Interest)

COMI (Center of Main Interest) - COMI, or Center of Main Interest, refers to the primary location where a debtor conducts its principal business operations and is recognized as the central point of its economic activities. This concept is crucial in cross-border insolvency cases to determine jurisdiction and the appropriate forum for the main insolvency proceeding.

Class Information

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Identification

IRI: https://folio.openlegalstandard.org/RCv6Kq9tkPBxjujeEY7MyL9
Label (rdfs): COMI (Center of Main Interest)
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Definition and Examples

Definition: COMI, or Center of Main Interest, refers to the primary location where a debtor conducts its principal business operations and is recognized as the central point of its economic activities. This concept is crucial in cross-border insolvency cases to determine jurisdiction and the appropriate forum for the main insolvency proceeding.
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Class Relationships

Sub Class Of: Recognition of Foreign Restructuring Objectives
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Additional Information

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Deprecated: False

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