/lɛks ˈloʊsaɪ ˈreɪ saɪti/ – Latin Phrase
Definition: luật pháp của nơi có tài sản.
A more thorough explanation: “Lex loci rei sitae” is a Latin term that translates to “the law of the place where the property is situated.” In legal terms, it refers to the principle that the law governing a particular issue or dispute is determined by the jurisdiction where the property in question is located. This principle is often applied in cases involving real property or other tangible assets to determine which jurisdiction’s laws should be used to resolve the legal issues related to that property.
Example: In a real estate transaction, the principle of lex loci rei sitae dictates that the laws of the jurisdiction where the property is located govern the transfer of ownership.