COMI (Centre of Main Interests)

COMI, or Centre of Main Interests, refers to the place where a company or individual's main business activities and interests are concentrated. In legal terms, particularly in insolvency and bankruptcy cases, COMI determines which country's laws apply when a company is facing financial difficulties. It helps in identifying the appropriate jurisdiction for legal proceedings. Typically, COMI is where the company has its headquarters, conducts significant operations, or has its primary decision-making functions. Understanding COMI is essential for resolving cross-border insolvency issues effectively and fairly in an increasingly global economy.