Legal Regimes
Generally, the internal affairs doctrine provides that a corporation's internal affairs are governed by the jurisdiction in which it is incorporated. However, many jurisdictions apply local law to foreign corporations in certain determinations such as piercing the corporate veil.
Some jurisdictions have gone further in attempting to control the activities of quasi-foreign corporations.
Read more about this topic: Quasi-foreign Corporation
Famous quotes containing the word legal:
“Hawkins: The will is not exactly in proper legal phraseology. Richard: No: my father died without the consolations of the law.”
—George Bernard Shaw (1856–1950)