Factors to be Considered for Determination of Centre of Main Interest (COMI)
Lead author · Corresponding
Pratyush Anand
Student at NALSAR University of Law, Hyderabad, Telangana, India
Abstract
The idea of the Centre of Main Interest (COMI) is essential when a company has money problems in more than one country. It helps decide which country's court should handle the main case. It also allows other countries to accept and follow what that court decides. This paper aims to study the elements that are considered when establishing COMI in a multi-jurisdictional insolvency scenario. This paper describes the essential elements that influence the unification of insolvency laws among various nations. It also incorporates information from scholarly papers, case studies, and other significant texts to clarify these essential aspects.
Keywords
Centre of Main Interest
Cross – Border Insolvency
COMI Determination Factors
UNCITRAL Model Law on Cross – Border Insolvency
EU Insolvency Regulation
COMI in India
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