Legal status of legal entities in private international law

Abstract

The article analyzes the legal status of legal entities and examines the form of their classification.  Of course, legal entities occupy an important place in civil law. Because legal entities and their organizations have a significant impact on the economy, whether it is the economy, business, or medicine, this article defines the priority, the role of legal entities in international law. At the same time, following the civil legislation, disputes between the two states regarding legal entities are considered by what rules and norms, and the authors fully disclose the doctrines on the interpretation of legal entities. Today, various stakeholders show markets about the legal entity and how it should develop to overcome our state’s dynamic and global nature. Reforms and other initiatives related to legal entities are being implemented worldwide. It is used to restore trust in the management of a legal entity. About legal entities, the reforms have led to the introduction of various codes of best practices or guiding principles of corporate governance (type) in many countries. In this regard, discussions are underway reflecting the points of opinion on the possibility of equating and applying a unified approach to legal entities in civil law. Keywords: legal entities, corporate organizations, state corporations, public law companies, group of companies, national holding, national company, legal entities of public law, organizations of public interest, finncial-industrial groups, multinational corporations.