Convention on Private International Law of March 19, 1940
The agreement on private international law of March 19, 1940 is an agreement concluded in Montevideo , Uruguay . In addition to the agreement on international trade law of the same day, an agreement was reached on private international law . The signatory states were Argentina , Paraguay and Uruguay.
It is regulated in the fact that the national law of the country in which the business is carried out applies ( country of residence principle ). Existence and legal capacity of a private person depend prevail also on a residence. This agreement is interlinked with the agreement on international trade law, which regulates the principle of territoriality for a company's registered office.
The road to the agreement on private international law of March 19, 1940 was paved twelve years earlier in Havana , Cuba . With the conference of February 20, 1928 ( Sixth International American Conference ), the principle of territoriality was anchored for legal persons . This Convention on Private International Law (Bustamante Code / Código Bustamante) found twenty signatories in the South and Central American economic area.
On December 26, 1933, the Seventh International American Conference , also in Montevideo, preceded it, which laid down state sovereignty and the rights and obligations of states on the American continent.