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Jurisdiction of bankruptcy of the exempted company | ||
| kufa studies center journal | ||
| Article 1, Volume 1, Issue 34, 2018, Pages 154-175 | ||
| Abstract | ||
| companies exempted from the modern legal determinations in a certain country, operating in another, and has a head and Management Center, activity center, creates a conflict of jurisdiction, especially in the case of bankruptcy, because their books and records and business documents are in the country where its Physical activity center and the purposes of the company, its activities, and management offer consulting studies in the country of incorporation; which is considered the Centre of management. Article (12) of the Jordanian Civil Code states that if the company’s headquarters is abroad, and has activities in Jordan, then the location of the managed home and the presence of books and record of that activity, determines the jurisdiction of the Court which hears disputes or declared bankruptcy and shows the status of the company whether bankrupt or not, and therefore the best position to decide bankruptcy. But if he Administration Center of the exempted company's activity is outside the Kingdom, then the Kingdom cannot resolve the matter. The nature of the rules of jurisdiction which is of public order cannot identify measurable jurisdiction, becomes possible by the legislator to intervene in clear text to determine the competent court to hear bankruptcy offshore companies | ||
| Keywords | ||
| Jurisdiction of bankruptcy of the exempted company | ||
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