COMI (Center of Main Interests)

The Center of Main Interests (COMI) is a legal concept used in international insolvency law to determine which country's courts should handle a company's bankruptcy proceedings. It generally reflects where a company has its main operations, management, and assets. Essentially, COMI helps establish a clear jurisdiction for legal matters, ensuring that the process is handled in the most relevant country. This principle aims to provide consistency and fairness in resolving cross-border insolvencies, making it easier for businesses, creditors, and stakeholders to understand where to file claims and seek remedies.