Centre of Main Interests

Centre of Main Interests (COMI) definition

/ˈsɛntə/ /ɒv,(ə)v//meɪn//ˈɪnt(ə)rɪst/

What does Centre of Main Interests mean?

Also known as 'centre of main interests' and is equally known by its abbreviation 'COMI'. Typically it refers to the defined term under the Recast Regulation on Insolvency (EU) Regulation 848/2015 used to determine the Member State in which a debtor can open main proceedings (see Practice Note: Recast Regulation—establishing the centre of main interests (COMI) for corporates).

Centre of Main Interests explained

Previously under the EC Regulation on Insolvency (EC) Regulation 1346/2000, there was no definition of COMI, but the definition of COMI in Article 3(1) of Regulation (EU) 848/2015 draws a three-way distinction between companies, individuals exercising an independent business or profession, and other individuals.

Variances

COMI

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