Center Of Main Interests (COMI)

Center of Main Interests (COMI) refers to the primary place where a company or an individual conducts their business activities and decision-making. In legal and financial contexts, it is crucial for determining which country’s laws apply during bankruptcy proceedings or insolvency. COMI is generally assessed based on factors like the location of management, assets, and operations. Determining the COMI helps ensure that issues like liabilities and reorganizations are handled appropriately, reflecting the entity's true business presence rather than just a legal address.