Lex situs

“Lex situs” is a Latin term that means “the law of the place” or “the law of the location.” This legal principle states that the laws that govern a particular issue or property are determined by the jurisdiction or location where the issue or property is situated. In simpler words, the laws that apply to a specific situation are generally those of the place where the situation or property is physically located. This concept is especially important in various legal contexts, such as real estate law and taxation, where the laws of a specific jurisdiction can significantly impact the rights and obligations of individuals or entities.