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:
“In ‘70 he married again, and I having, voluntarily, assumed the legal guilt of breaking my marriage contract, do cheerfully accept the legal penalty—a life of celibacy—bringing no charge against him who was my husband, save that he was not much better than the average man.”
—Jane Grey Swisshelm (1815–1884)