/lɛks ˈsaɪtəs/ – Latin Phrase
Definition: luật pháp của nơi có tài sản, luật pháp của nơi bị kẹt nợ.
A more thorough explanation: “Lex situs” is a Latin term that translates to “law of the place.” In legal contexts, it refers to the principle that the laws governing the transfer, ownership, and use of property are determined by the jurisdiction in which the property is located. This principle is particularly relevant in matters of real estate and property law, where the laws of the jurisdiction where the property is situated will typically govern issues related to that property.
Example: In a real estate transaction, the lex situs refers to the legal principle that the laws of the jurisdiction where the property is located govern the transfer of ownership and any related legal matters.
