учебный год 2023 / Haentjens, Harmonisation Of Securities Law. Custody and Transfer of Securities in European Private Law

Belgium

Cas. 1re civ., 26 September 1940, Pas. 1940, III, 228

5.3.5

Cass. 1re civ., 17 October 1996, 2 Revue de la

5.5.2

Banque/Bank en Financiewezen 1997, 114

Hof van Beroep te Antwerpen (Antwerp Court of

5.4.2

Appeal), 17 May 1984, R.W. 1984-1985, 264

Hof van Beroep te Antwerpen 20 August 1990, T.R.V.

5.3.1, 5.3.3, 5.3.5

1990, 540

Hof van Beroep te Antwerpen 21 November 2002, Forum

5.3.2

Financier/Droit Bancaire et Financier 2003, 313

EU

Case 26/62, Van Gend en Loos v. Nederlandse

2.4.1

Administratie der Belastingen, 1962 ECR 3

12.2, 12.5

Case C-376/98, Germany v. Parliament and Council,

2000 ECR I-8419 (Tobacco Advertising)

Case 210/03, 2004 ECR I-11893 (Swedish Match)

12.2

France

Cass. 1re civ., 25 January 1966, Dalloz Sirey 1966, 390

6.6

Cass. 1re civ., 8 July 1969, Revue critique de Droit

6.6

International Privé 1971, 75

Cass. 1re civ., 17 October 1972, Revue critique de Droit

6.6

International Privé 1973, 520

Cass. 1re civ., 28 May 1991, Bull. Joly, August-

6.2, 6.5.2

September 1991, p. 813, no. 290

Cass. 1re civ., 4 January 1992, Bull. I, no. 4

6.5.3

Cass. 1re civ., 2 June 1993, D. 1993, p. 613

11.2.1

Cass. 1re civ., 6 March 1996, RD bancaire et bourse,

6.4.1

November-December 1997, p. 238, no. 1

Cass. 1re civ., 12 November 1998, Dr. sociétés, January

6.5.3

1999, p. 21, no. 17

Cass. com., 14 December 1965, Banque, 1965, p. 211

6.3.4

Cass. com., 5 November 1977, RTD com., 1979, p. 259

6.3.3

Cass. com., 22 November 1988, Bull. Joly 1989, p. 84,

6.4.1

no. 19

Cass. com., 24 January 1989, Bull. Joly, March 1989, p.

6.3.3

266, no. 85

Cass. com., 23 November 1993, Dr. sociétés, February

6.3.3, 6.4.1

1994, p. 18, no. 41

Cass. com., 18 October 1994, Bull. Joly, December 1994,

6.3.3, 6.3.5

1296, no. 362

Cass. com., 7 March 1995, RTD com., October-

6.5.3

December 1995, p. 835, no. 13

Cass. com., 5 March 2002, Dalloz, 2002, no. 13, 1139

6.3.5

Cass. com., 22 October 2002, Rev. sociétés, July-

6.3.3, 6.3.5

September 2003, p. 511

Cass. crim., 30 May 1996, Bull. Joly Bourse 1996, p.

6.3.4, 6.7.2

628, no. 100

Paris, 5 July 1990, Dr. sociétés, December 1990, 7, no.

6.3.5, 6.6

Q-20

Paris, 25 October 1991, Dr. sociétés, 1992, no. 1138

6.3.3, 6.3.5

Paris, 31 October 1991, Bull. Joly, 1992, p. 64, no. 14

6.3.5

Paris, 10 December 1999, RD banc. fin., May-June 2000,

6.3.6

p. 184, no. 134

The Netherlands

HR 20 December 1934, NJ 1935, 708

7.3.2

HR 12 January 1968, NJ 1968, 274 (Texeira de Mattos

7.3.2

Bank)

7.3.5, 7.3.6, 7.4.1,

HR 23 September 1994, NJ 1996, 461 (Kas-

Associatie/Drying Corp.)

7.4.2, 7.6.1, 7.7.1,

10.2.4

HR 19 May 1995, NJ 1996, 119 (Keereweer/Sogelease)

7.5.1, 7.7.1

HR 16 May 1997, NJ 1998, 585 (Bechem Chemie/Hansa

7.6.1

Chemie)

HR 31 March 1989, NJ 1990, 1 (Vis q.q./NMB)

7.7.1

HR 26 May 2000, NJ 2000, 442 (Weld-Equip/Van de

7.3.6

Pest)

HR 3 December 2004, NJ 2005, 200 (Mendel q.q./ABN

Amro Bank NV)

HR 18 November 2005, JOR 60, 425 (BTL Lease/Van

7.5.1

Summeren)

Rechtbank Amsterdam (Amsterdam District Court), 20

7.3.6

February 1985, NJ 1986, 113

Rechtbank Amsterdam, 18 April 1991, NJ 1992, 104

7.3.2

Rechtbank Amsterdam, 27 August 2003, JOR 2003, 262

7.3.4

The United States of America

Cotton v. Private Bank and Trust Co., 49 UCC Rep. Serv.

8.3.4, 8.4.2

2d 1281 (N.D. Ill. 2003)

Ennis v. Phillips, 890 So.2d 313, 55 UCC Rep. Serv. 2d

8.4.1, 10.2.8

407 (Fla. Dist. Ct. App. 4th Dist. 2004)

Erie Railroad Co. v. Tomkins, 304 U.S. 46 (1938)

8.1.2, 8.1.3

First Nat’l Bank v. Lewco Sec. Corp., 860 F.2d 1407 (7th

8.4.2

Cir. 1988)

General Insurance Co. v. Lowry, 412 F. Supp. 21 (S.D.

8.5.2

Ohio 1976), aff’d, 570 F.2d 120 (6th Cir. 1978)

Goodman v. Simonds, 61 U.S. (20 How.) 343 (1857)

8.4.2

Graham v. White-Phillips Co., 296 U.S. 27, 31-32 (1935)

8.4.2

In re County of Orange, 219 B.R. 543, 36 UCC Rep.

8.3.2

Serv. 2d 181, 552 (Bankr. C.D. Cal 1997)

In re Ferguson, 18 UCC Rep. Serv. 1284 (NY Sur. 1967)

1.2.3

In re Gaston & Snow, 243 F 3d 599 (2d Cir., 2001)

8.1.2

In re Lindsay, 59 F 3d 942 (9th Cir, 1995)

8.1.2

In re Merritt Dredging, 839 F 2d 203 (4th Cir, 1988)

8.1.2

Klaxon Company v. Stentor Electric Manufacturing Co.,

8.6.2

313 U.S. 487 (1941)

Nathan W. Drage, P.C. v. First Concord Securities, Ltd.,

8.3.4, 8.4.2

184 Misc. 2d 92, 707 N.Y.S. 2d 782, 41 UCC Rep. 2d

673 (2000) [34 UCCLL 10 (Dec. 2000]

Powers v. American Express Financial Advisors, Inc. 82

8.3.3

F. Supp 2d 448, 40 U.C.C. Rep. 2d 597 (D. Md. 2000)

[43 UCCLL7 (Sept. 2000)]

SEC v. Credit Bancorp, Ltd., 386 F. 3d 438, 55 UCC

8.4.2

Rep. Serv. 2d 74 (2d Cir. 2004)

Swift v. Tyson, 41 U.S. (16 Pet.) 1 (1824)

8.1.2

Watson v. Sears, 766 N.E. 2d 784, 47 UCC Rep. Serv. 2d

8.3.3

722 (Ind. Ct. App. 2002)

Belgium

Article 1 Title VI Book 1

5.5.2,

CCode Civil/Burgerlijk

5.5.3

5.1.2

Article 10

5.5.3

Wetboek (Civil Code,

‘BW’)

Code des Sociétés/

5.1.2, 5.2,

Article 1138

5.2, 5.4.1

Article 1139

5.5.3

Wetboek van

5.3.3, 5.4.3,

Article 1291

5.3.2

Vennootschappen

5.5.3, 5.7.2

Article 1298

5.3.2

(Code of Corporate

Article 1328

5.5.3

Law, ‘W. Venn.’)

Article 1376

5.3.2

Article 242(1)(7)

5.3.3

Articles 1382 et seq.

5.3.3

Article 349

5.3.3

Articles 1583

5.4.1

Article 389

5.3.3

Article 1585

5.4.2

Article 460(2

5.2

Article 1586

5.4.2

Article 468

5.1.1

Article 1690

5.4.1, 5.4.2

Article 468(2)

5.3.2, 5.7.1

Articles 1915-1948

5.3.5

Article 468(3)

5.3.4

Article 1917

5.3.5

Article 468(5)

5.3.6

Article 1919

5.3.5

Article 470(2)

5.3.2

Article 1918

5.3.5

Article 471(5)

5.3.7

Article 1927

5.3.5

Article 472(2)

5.3.2, 5.7.1

Article 1929 BW

5.3.5

Article 475bis

5.3.2

Articles 1930 and 1944

5.3.5

Article 503(1)(6)

5.3.3

Article 1932(1)

5.3.5, 5.5.3

Article 651

5.3.3

Article 2074

5.5.3

Article 2076

5.5.3

Code Pénal/Strafwetboek

Articles 2078

5.5.3

Article 2078(2)

5.5.2

(Criminal Code)

Article 2082

5.5.3

Article 491

5.5.3

Article 2279

5.2, 5.3.2,

5.3.3, 5.3.8,

Act of 24 July 1921

5.3.2, 5.3.3,

5.4.1, 5.4.3,

5.5.3, 5.7.1,

5.4.3

5.7.2

Article 2279(1)

5.3.2

Act of 2 January 1991

5.3.3, 5.4.3

Article 2279(2) 2280

5.3.2

Article 2280

5.3.2, 5.3.8,

Article 1(1)(3)

5.2

5.4.3, 5.5.3,

Article 3

5.3.4, 10.2.2

5.7.1, 5.7.2

Article 5

5.3.2, 5.4.3

Article 4(1)

5.3.2, 10.2.5

Code de Commerce/

Article 4(2)

5.5.3

Article 6(1)

5.3.2, 5.4.2,

Wetboek van

5.7.1, 10.2.8

Koophandel

Article 7(1)

5.5.3, 10.2.9

(Commercial Code)

Article 7(3)

5.3.2, 5.3.7,

5.5.3, 10.2.5,

10.2.8

Act of 2 August 2002

Article 8

5.3.7, 10.2.5

5.3.2, 5.5.3,

Article 9

5.3.7, 10.2.5

5.7.1

Article 10(1)

5.5.3

Article 2(1)

5.2

Article 10(2) and (3)

5.3.2, 5.5.3,

Article 23(3)

5.1.1

5.7.1,

Article 26(16)

5.3.2, 5.7.1,

10.2.10

10.2.5

Article 11(1)

5.3.7

Article 31(1)

11.2.7

Article 12bis

5.5.3

Article 31(2)

10.2.9

Article 13 bis

5.3.2, 5.4.3,

Article 31(4)(1) and

5.3.8

5.5.3, 10.2.8

31(4)(2)

Article 22

5.1.1

Article 31(5)

11.2.7

Article 23

5.5.2, 10.2.9

Article 25bis(1)

5.5.2, 10.2.9

Act of 15 December

5.1.2

Act of 22 July 1991

2004

5.3.3

Article 4(1)(2) and

5.5.3

Article 7(1)

5.1.2

4(1)(3)

Article 4(2)

5.5.3

Act of 22 March 1993

Article 7(1)

5.5.3

Article 7(2)

5.5.3

Article 157

5.4.3, 5.7.1

Article 8

5.5.3,

Act of 6 April 1995

11.2.4

Article 10

11.2.4

Article 46(2)(1)

5.3.5

Article 12(1)

5.5.2

Act of 7 April 1995

5.2

Act of 14 December

5.3.2,

2005

5.4.3,

Act of 8 August 1997

5.5.3, 5.7.1

Article 3(1)

5.3.2

(Loi sur les Faillites/

Article 4

5.3.1

Faillissementswet,

Article 5

5.3.2

Bankruptcy Act)

Article 7

5.3.2

Articles 17 et seq.

5.4.3, 11.2.7

Article 21

5.3.2

Article 34

5.3.2

Act of 22 February 1998

Article 36

5.3.2

Article 8

5.1.1

Act of 16 July 2004

Act of 17 December

(Code de droit

5.3.7

international privé/

1998

Wetboek van

Internationaal

Acts of 28 April 1999

Privaatrecht, Code of

5.1.2

Private International

Articles 3 and 4

5.4.3

Law)

5.6

Article 6

11.2.7

Article 91(1)(2)

Article 8(2)

5.6

Article 9

5.5.3

KB of 12 January 2006

5.3.4

KB no. 62 of 10

Article 6

5.3.4

5.1.2, 5.3.1,

EU

November 1967

5.3.2, 5.3.3,

Treaty Establishing the

10.1, 12.2,

5.3.4, 5.4.3,

5.5.1, 5.5.3,

European Community

12.5

5.6, 5.7.1

(‘EC Treaty’)

Article 1(1)(1)

5.1.2

Art. 3(1)

12.2

Article 1(2)

5.3.4, 10.2.2

Art. 5

12.2

Article 2

5.3.3

Art. 14(2)

12.2

Article 2(2)

5.3.2

Art. 95

1.1, 12.2

Article 2(3)

5.3.6

Art. 249

12.4.3

Article 4

5.3.3, 5.3.6,

Art. 251

12.4.3

5.6

Article 6

5.3.3

Council Regulation

Article 6(2)

5.3.1, 5.3.5,

10.2.5

1346/2000/EC of 29 May

Article 6(3)

5.4.2, 5.7.1,

2000 on insolvency

10.2.8

proceedings (OJ L 160/1)

Article 7(1)

5.5.3, 10.2.9

(EU Insolvency

Article 7(1)(2)

5.3.2, 5.3.7,

Regulation)

5.5.3, 10.2.5

Article 9

9.3.3

Article 7(2)

5.3.2, 5.5.3,

11.2.4

Council Directive

Articles 9 and 10

5.3.2, 5.3.3,

6.3.2, 9.3.3

5.4.3, 5.5.3

93/22/EEC of 10 May

Article 9(1)(2)

10.2.8

1993 on investment

Article 11(1) and (3)

5.3.2, 5.7.1,

services in the securities

10.2.10

field (OJ L 141/1) (EU

Article 12

5.3.2

Investment Services

Article 13(1) and (2)

5.3.7, 10.2.5,

Directive, ‘ISD’)

10.2.7

art. 10

6.3.4

Article 13(3) and (4)

5.3.7, 10.2.5

art. 15

7.1.1

Article 13(5)

5.3.7

Article 15

5.5.3

Directive 97/9/EC of the

Article 17

5.3.3

5.3.7,

Article 19

5.3.2, 5.4.3,

European Parliament

10.2.5

5.5.3, 10.2.8

and of the Council of 3

March 1997 on

investment-protection

KB of 23 January 1991

schemes (OJ L 84/22)

Article 15

5.5.3

Directive 98/26/EC of

3.3.3, 5.1.2,

KB of 18 August 1999

5.1.2

the European

5.4.3, 6.4.3,

Parliament and of the

6.6, 7.4.3,

Council of 19 May

7.6.1, 7.6.3,

KB of 28 August 2002

1998 on settlement

9.3.3, 9.3.4,

Article 2

5.1.2

finality in payment and

10.2.8,

securities settlement

11.2.4,

systems (OJ L 166/45)

11.2.7,

(EU Settlement Finality

12.3.2

Directive 2004/39/EC of

9.3.3,

Directive, ‘SFD’)

the European

9.3.4,

Art. 2(e)

4.2

Parliament and of the

10.2.5

Art. 2(c)

4.2

Council of 21 April

Art. 2(f) and (g)

11.2.7

2004 on markets in

Art. 3

9.3.3,

financial instruments

11.2.7

(OJ L 145/1) (EU

Art. 5

9.3.3

Directive on Markets in

Art. 7

9.3.3,

Financial Instruments,

11.2.7

‘MiFID’)

Art. 8

9.3.3

Article 1(2)

9.3.3,

Art. 9

9.3.3

10.2.5

Art. 9(2)

7.6.1, 9.3.3

Article 5(1)

12.3.2

Article 13

9.3.3

Directive 2001/24/EC

Article 13(7)

9.3.3,

10.2.5

of the European

Annex I, Section C

12.3.2

Parliament and of the

Council of 4 April 2001

on the reorganisation

and winding-up of

France

credit institutions (OJ L

Code Civil (Civil Code,

6.1.2

125/15) (EU Winding-

up Directive)

9.3.3

‘C. civ.’)

Article 24

art. 544

6.3.5

Article 25

9.3.3

arts. 1582 – 1701

6.4.2

Article 23

9.3.3

arts. 1583

6.3.3, 6.4.1,

6.4.2,

Directive

3.3.3, 5.5.2,

10.2.8

art. 1585

6.3.4, 6.4.1

2002/47/EC of the

5.5.3, 5.6,

art. 1591

6.4.1, 6.4.2

European

6,1,2, 6.5.2,

art. 1612

6.4.3

Parliament and of

6.5.3, 6.6,

arts. 1659 and 1660

6.5.2

the Council of 6 June

6.7.2, 7.4.3,

art. 1662

6.5.2

2002 on financial

7.5.1, 7.5.2,

arts. 1787 through

6.3.4

collateral

7.6.1, 7.7.2,

1799-1

arrangements (OJ L

9.2.3, 9.3.3,

art. 1893

6.5.2

168/43) (EU

9.3.4, 10.2.8,

art. 1902

6.5.2

Financial Collateral

10.2.9, 11.2.4,

arts. 1915 et seq.

6.3.4

Directive, ‘FCD’)

11.2.7

art. 1915

6.3.4,

Article 1(2)

9.3.3

10.2.5

Article 2(1)

9.3.3

art. 1918

6.3.4

Article 2(1)(h)

9.3.3

art. 1919

6.3.4

Article 2(e)

9.3.3

art. 1921

6.3.4

Article 4

9.3.3

art. 1930

6.3.4

Article 5

9.3.3

art. 1932

3.2.4, 6.3.3,

Article 6

10.2.9

6.3.4,

Article 9

7.6.1

10.2.5

Article 9(2)

7.6.2, 7.6.3

art. 2074

6.5.3

art. 2078 second

6.5.2

paragraph

11.2.1

December 1993

art. L. 533-9

6.3.4

Act no. 96-597 of 2

art. L. 542-1

6.3.1

6.1.2, 6.3.6

art. L. 621-6

6.1.2

July 1996 (Loi de la

art. L. 621-7

6.1.2

modernisation des

art. L. 621-7 VI(2) and

6.3.2,

activités financiers,

(3)

10.2.2

Financial

Modernisation Act,

Code pénal (Criminal

‘MAF’)

Code)

Act no. 2001-420 of 15

art. L. 314-1

6.3.4

6.1.2

May 2001

Act no. 49-874 of 5

July 1949

Act no. 2003-706 of 1

6.1.2,

art. 26

6.1.1

August 2003 (Loi de

6.3.1, 6.3.6

Act no. 49-981 of 22

sécurité financière,

Financial Security Act)

July 1949

art. 46

6.1.1

Ordinance 2000-1223 of

6.1.2

Act no. 81-1160 of 30

3.2.3,

14 December 2000

December 1981

6.1.2, 6.1.3

Ordinance no. 2004-604

art. 94 II

6.1.3

6.1.2, 6.4.2

of 24 June 2004

Act no. 87-416 of 17

June 1987

Ordinance no. 2005-171

6.1.2, 6.5.3

art. 31

6.5.2

of 24 February 2005

Act no. 88-70 (Loi sur

6.1.1

Decree no. 49-1105 of

6.1.1

les bourses de valeurs,

4 August 1949

Stock Market Reform

art. 9

6.1.3

Act)

art. 11

6.3.3, 6.3.4

art. 12

6.3.3, 6.3.5

Act no. 88-1201 of 23

Decree no. 55-1595 of

December 1988

art. 1

6.2

7 December 1955

art. 5

6.2, 6.3.2,

Act no. 91-650 of 9

10.2.7

art. 34

6.2

July 1991

art. 35, paragraph 3

6.3.3

art. 59

6.5.3

art. 38

6.3.2,

art. 79

6.5.3

10.2.7

art. 53

6.2

Act no. 93-1444 of 31

6.5.2