384. Nationality of corporations.

Corporations are essentially a creation of municipal law, and as such, international law has to recognise the institutions created by the municipal law of states in an area which remains essentially within their domestic jurisdiction1. Accordingly, whenever questions arise as to the rights of corporate entities and their shareholders as to which international law lays down no specific rules, it is necessary for international law to have regard to the relevant rules of municipal law2. Although international law contains no rules of its own relating to the creation, management and dissolution of corporations, nevertheless it governs which state is