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:
“Lawyers are necessary in a community. Some of you ... take a different view; but as I am a member of that legal profession, or was at one time, and have only lost standing in it to become a politician, I still retain the pride of the profession. And I still insist that it is the law and the lawyer that make popular government under a written constitution and written statutes possible.”
—William Howard Taft (1857–1930)