COMI (Centre of Main Interests)
Corporate Credit Analysis glossary · Corporate Credit Analysis
Definition
The jurisdiction where a debtor's main interests are located, determining the primary jurisdiction for insolvency proceedings under the EU Insolvency Regulation and the UNCITRAL Model Law.
COMI (Centre of Main Interests) in plain English
COMI answers the question 'which country's courts are actually in charge when a company that operates across borders goes bankrupt?' The answer is wherever the company truly runs itself from — its real headquarters and decision-making hub, not just where it's technically registered on paper. Imagine a business that's registered in a tiny island for tax reasons but whose bosses, offices, and operations are all in Germany; its COMI is Germany, so German insolvency courts take the lead. This keeps one main court coordinating the case instead of a chaotic tug-of-war between countries.
Also called: Centre of Main Interests
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