Jurisdiction explained

Updated the site “Jurisdiction”: https://schmitt-trading.com/en/domiciles

Jurisdiction (from Latin juris ‘law’ + dictio ‘declaration’) is the legal term for the authority granted to a legal entity to enact justice. Colloquially it is used to refer to the geographical area (situs: location of the issue. In federations like the United States, areas of jurisdiction apply to local, state, and federal levels.

Jurisdiction draws its substance from international law, conflict of laws, constitutional law, and the powers of the executive and legislative branches of government to allocate resources to best serve the needs of society.
Source: Jurisdiction, https://en.wikipedia.org/w/index.php?title=Jurisdiction&oldid=1042413123 (last visited Oct. 25, 2021).

Published by Schmitt Trading Ltd

Schmitt Trading Ltd is an international software company and develops trading robots. We want to share with you how we live our dream to become financially independent. Join us at our thrilling day-to-day adventure trip to freedom. Follow us for more information. Subscribe to our latest blog posts.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: