Law Applicable to Sole Proprietors
Article 281
The legal status of a sole proprietor shall be governed by the law of the country in which he is registered.
Law Applicable to Companies
Article 282
- (1)
- The incorporation, transformation and dissolution of companies, the manner of their representation, as well as the rights and obligations of the partners shall be governed by the law of the country in which the respective company is registered.
- (2)
- If a company is registered in more than one country, the law of the country in which, according to the by-laws, the company's place of management is situated shall apply.
- (3)
- For branches of companies, the law of registration of the branch shall apply.
Law Applicable to Agency
Article 283
The agency contract shall be governed by the law of the country in which the agent carries on its activities, regardless of the place where the contract was made.
