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One of the central concepts to the regulation is the centre of main interests ("COMI"). Whilst it has been hailed as giving the Regulation global reach and opening up the availability of administration for the UK operations of US companies, this particular US company had its centre of main interests in the UK, and that simply is the test going forward. Although this judgment is unreported, it highlights the uncertainty as to how courts will determine a company's centre of main interest. |
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