- •Contents
- •General editors’ preface
- •Preface
- •Contributors
- •Table of cases cited by name
- •England
- •Ireland
- •Netherlands
- •New Zealand
- •Scotland
- •South Africa
- •United States of America
- •Table of legislation
- •Austria
- •Belgium
- •Denmark
- •England
- •Finland
- •France
- •Germany
- •Greece
- •Ireland
- •Italy
- •Netherlands
- •Portugal
- •Scotland
- •South Africa
- •Spain
- •Sweden
- •Abbreviations
- •1 Introduction: security rights in movable property within the common market and the approach of the study
- •A. A short survey of the status quo
- •I. Economic reasons for the existence of security rights
- •II. Security rights in movable property: main divergencies
- •III. Private international law
- •1. Tangible movables: lex rei sitae and the limits of the doctrine of transposition
- •2. Claims: article 12 of the Rome Convention and its various interpretations
- •IV. The need for harmonisation within the EU
- •V. Attempts at harmonisation or unification: past and present
- •1. European Union
- •2. UNCITRAL
- •3. UNIDROIT
- •4. European Bank for Reconstruction and Development
- •B. The approach and purpose of the study
- •I. The ‘Common Core methodology’ as applied to secured transactions
- •II. Surveying the legal landscape against the background of a need for harmonisation
- •III. The genesis of the book
- •1. Narrowing down the topic
- •2. On terminology and the glossary
- •3. Order of the national reports
- •Bibliography
- •2 A labyrinth of creditors: a short introduction to the history of security interests in goods
- •1. Introduction
- •2. Justinian Roman law
- •3. Later developments in the European ius commune
- •4. Security interests in movables in the continental European codes
- •5. Common law and civil law
- •Bibliography
- •Brief description of key features of Article 9
- •History and context
- •Article 9 in depth
- •Creation, attachment and enforceability of a security interest
- •Scope of Article 9’s coverage
- •Perfection
- •How is perfection achieved?
- •Priority rules
- •Third-party rights
- •The filing system
- •Post-default rights and remedies
- •Conclusion
- •A. Article 9 through the eyes of an English lawyer
- •B. The values of English law
- •C. The future of English law
- •D. Summary
- •Postscript
- •Bibliography
- •5 The European Bank for Reconstruction and Development’s Secured Transactions Project: a model law and ten core principles for a modern secured transactions law in countries of Central and Eastern Europe (and elsewhere!)
- •Introduction
- •The EBRD Model Law on Secured Transactions: four objectives
- •The EBRD Ten Core Principles
- •How does the Model Law score? Answers to the questionnaire
- •Cases 1 and 2
- •Case 3
- •Case 4
- •Cases 5 and 6
- •Cases 7 and 8
- •Cases 9 and 11
- •Cases 10 and 14
- •Cases 12 and 13
- •Case 15 and a conclusion
- •Abbreviations
- •Germany
- •Austria
- •Greece
- •France
- •Belgium
- •Portugal
- •Spain
- •Italy
- •The Netherlands
- •England
- •Ireland
- •Scotland
- •South Africa
- •Denmark
- •Sweden
- •Finland
- •Evaluation/Comparative observations
- •Bibliographies
- •Germany
- •Austria
- •Greece
- •France
- •Belgium
- •Portugal
- •Spain
- •Italy
- •The Netherlands
- •England
- •Scotland
- •South Africa
- •Denmark
- •Sweden
- •Finland
- •Comparative observations
- •Glossary
- •I. Introduction
- •Questions
- •Discussions
- •Effects of bankruptcy
- •General remarks on transfer of ownership
- •Comparative observations
- •part (a)
- •Passing of ownership
- •part (b)
- •part (c)
- •Case 2: The deceived seller
- •Question
- •Discussions
- •Comparative observations
- •Abstract and causal systems
- •Protection of third parties
- •Case 3: Machinery supplied to be used by the buyer
- •Questions
- •Discussions
- •Comparative observations
- •Parts (a) and (e)
- •Part (b)
- •Part (c)
- •Part (d)
- •Case 4: Jackets for resale
- •Question
- •Discussions
- •Comparative observations
- •Case 5: Motor cars supplied and resold (I)
- •Questions
- •Discussions
- •Comparative observations
- •Part (a)
- •Part (b)
- •Part (c)
- •(i) Solutions which do not require additional clauses or transactions
- •(iii) Assignment of the proceeds
- •(v) Contracts other than sale under retention of title (consignment and commission)
- •(vi) Rights in the sold goods other than retention of title
- •(vii) Summary
- •Case 6: Motor cars supplied and resold (II)
- •Questions
- •Discussions
- •Comparative observations
- •Part (a)
- •Part (b)
- •Case 7: Supply of material to manufacturer (I)
- •Questions
- •Discussions
- •Comparative observations
- •Part (a)
- •Part (b)
- •Part (c)
- •Part (d)
- •Case 8: Supply of material to manufacturer (II)
- •Questions
- •Discussions
- •Comparative observations
- •Parts (a) and (b)
- •Part (c)
- •Part (d)
- •Case 9: Too many toasters
- •Questions
- •Discussions
- •Comparative observations
- •Part (a)
- •(i) Validity of all-sums clauses
- •(ii) Invalidity of all-sums clauses
- •(iii) All-sums clauses and commingling
- •(iv) Invalidity of simple retention of title
- •Part (b)
- •Part (c)
- •Questions
- •Discussions
- •(i) Principle of publicity
- •(iii) Unconscionability
- •Comparative observations
- •Parts (a)--(c)
- •(i) Use of ownership for security purposes
- •(ii) Security rights based on the idea of a pledge without dispossession
- •Part (d)
- •Case 11: Bank loan for a wholesaler
- •Questions
- •Variation
- •Discussions
- •Stock-in-trade containing goods sold under retention of title
- •Variation
- •Variation
- •Variation
- •Variation
- •Variation
- •Variation
- •Variation
- •Variation
- •Variation
- •Variation
- •Variation
- •Variation
- •Variation
- •Variation
- •Variation
- •Variation
- •Comparative observations
- •Parts (a)--(c)
- •Part (d)
- •Variation
- •Case 12: Bank loan on the basis of money claims (I)
- •Questions
- •Discussions
- •Comparative observations
- •(iii) Further requirements
- •Case 13: Bank loan on the basis of money claims (II)
- •Questions
- •Discussions
- •Comparative observations
- •Parts (a)--(c)
- •Part (d)
- •Case 14: Finance leasing of computers
- •Questions
- •Discussions
- •Comparative observations
- •Part (a)
- •Part (b)
- •Part (c)
- •Part (d)
- •Case 15: Indebted businessman sells business to brother
- •Questions
- •Discussions
- •Comparative observations
- •Part (a)
- •Parts (b) and (c)
- •A. General tendencies
- •I. Common developments
- •1. Evolution of secured transactions law outside the Civil Codes
- •2. No unitary, functional approach to security rights
- •3. Enlarging the range of security rights
- •4. Limiting the rights of secured creditors in insolvency
- •6. The rise of contractual devices coupled with title-based security rights
- •II. Persisting differences
- •1. General attitude towards security rights in movables
- •B. Convergences and divergences in relation to specific security rights
- •I. Security rights with strong convergence
- •1. Simple retention of title
- •2. Leasing
- •II. Security rights where some elements of convergence are present but where significant differences continue to subsist
- •1. Security rights in entities of property -- enterprise charge
- •2. Security assignment of claims or charge over claims (outside retention of title)
- •3. Extensions of retention of title
- •4. Non-possessory security rights in individualised property (other than retention of title and leasing)
- •C. Possible ways towards harmonisation
- •I. Simple retention of title
- •II. Harmonisation or unification beyond simple retention of title
- •1. Form, scope and context
- •2. Main policy choices concerning the substantive rules
- •(a) Uniform, functional approach
- •(b) Range of possible collateral
- •(c) Publicity
- •(d) Priority
- •(e) Special rules for purchase-money security interests
- •Bibliography
- •Index by country
- •Index by subject
|
l i s t o f a b b r e v i a t i o n s |
121 |
Rapp |
Rapport |
|
Req |
decision of the Chambre des Requˆetes of the Cour de |
|
|
cassation |
|
Rev huiss |
Revue des huissiers (law journal) |
|
Rev jur com |
Revue de jurisprudence commerciale (law journal) |
|
Rev proc coll |
Revue des procédures collectives (law journal) |
|
RJDA |
Revue de jurisprudence de droit des affaires (law journal) |
|
RTDC |
Revue trimestrielle de droit civil (law journal) |
|
RTDCom |
Revue trimestrielle de droit commercial (law journal) |
|
S |
Recueil Sirey (prior to its amalgamation with Recueil |
|
|
Dalloz in 1965 to form Dalloz Sirey, ‘D’) (law journal) |
|
Som |
Sommaire |
|
TGI |
Tribunal de grande instance |
|
Belgium
Cass. |
Hof van Cassatie/Cour de cassation (Supreme Court) |
C.civ. |
Code civil (Civil Code) |
concl. proc. gen. |
conclusions du procureur général |
JT |
Journal des Tribunaux (law journal) |
Pas |
Pasicrisie belge (law journal) |
RCJB |
Revue critique de jurisprudence belge (law journal) |
RevBanque |
Revue de la Banque (law journal) |
RIW |
Recht der Internationalen Wirtschaft (law journal) |
RW |
Rechtskundig Weekblad (law review) |
TPR |
Tijdschrift voor Privaatrecht (law review) |
Portugal
BMJ |
Boletim do Ministério da Justiça |
C.C. |
Código Civil (Civil Code) |
C.Com. |
Código Comerciail (Commercial Code) |
CPC |
Código de Processo Civil (Civil Procedure Code) |
CPEREF |
Código dos Processos Especiais de Recuperaç˜ao da Empresa |
|
e da Falˆencia (Bankruptcy Code) |
DL |
Decreto-Lei |
LCCG |
Lei das Cláusulas Contratuais Gerais (Unfair Contract |
|
Terms Act) |
RDE |
Revista de direio e economia (law journal) |
ROA |
Revista da Ordem dos Advogados (law journal) |
STJ |
Supremo Tribunal de Justiça (Supreme Court) |
122 t h e c a s e s t u d i e s
Spain
ADC |
Anuario de Derecho Civil (law journal) |
BCRE |
Boletín del Colegio de Registradores de Espa˜na |
BIMJ |
Boletín de Información del Ministerio de Justicia (Ministry |
|
of Justice Information Bulletin) |
BOE |
Boletín Oficial del Estado (Official Gazette of the |
|
Spanish State) |
CC |
Código Civil (Civil Code) |
CCO |
Código de Comercio (Commercial Code) |
CDCC |
Compilación de Derecho Civil de Catalu˜na (Compilation |
|
of Catalonia Civil Laws) |
CDCFN |
Compilación de Derecho Civil Foral de Navarra |
|
(Compilation of Navarre Historical Civil Laws) |
CE |
Constitución Espa˜nola (Constitution of 1978) |
CGPJ |
Consejo General del Poder Judicial |
CRPME |
Colegio de Registradores de la Propiedad y Mercantiles de |
|
Espa˜na |
EFC |
Establecimientos Financieros de Crédito (Credit |
|
Institutions) |
ET |
Estatuto de los Trabajadores |
La Ley |
Revista jurídica espa˜nola La Ley (law journal) |
LEC |
Ley de Enjuiciamiento Civil (Civil Procedure Act) |
LGP |
Ley de Garantías Posesorias sobre Cosa Mueble (Catalan |
|
Possessory Guarantees on Chattels Act) |
LH |
Ley Hipotecaria |
LHMPSD |
Ley de 16 Dec. 1954 sobre Hipoteca Mobiliaria y Prenda sin |
|
Desplazamiento (Law of Chattel Mortgage and Pledge |
|
without Removal of Possession) |
LVBMP |
Ley de Ventas de Bienes Muebles a Plazos (Law of Sale of |
|
Chattels in Instalments) |
PALC |
Propuesta de Anteproyecto de Ley Concursal (Bankruptcy |
|
Law Draft) |
PYME |
Peque˜na y Mediana Empresa (small or medium-size |
|
company) |
RCDI |
Revista Crítica de Derecho Inmobiliario (law journal) |
RD |
Real Decreto (Royal Decree) |
RH |
Reglamento Hipotecario |
SAT |
Sentencia de la Audiencia Territorial (Regional Court of |
|
Appeal decision) |
STS |
Sentencia del Tribunal Supremo (Supreme Court |
|
decision) |
l i s t o f a b b r e v i a t i o n s |
123 |
Italy
App. |
Corte d’appello (Appeal Court) |
Arch. civ. |
Archivo Civile (law journal) |
Cass. |
Corte di cassazione (Supreme Court) |
c.c. |
codice civile (Civil Code) |
Contr. e impr. |
Contratto e impresa (law journal) |
Corr. giur. |
Corriere giuridico (law journal) |
c.p. |
codice penale (Criminal Code) |
c.p.c. |
codice di procedura civile (Code of Civil Procedure) |
d. lgs. |
decreto legislativo (legislative enactment) |
decr. |
decreto |
Digesto sez. civ. |
Digesto delle discipline privatistiche -- sezione civile (legal |
|
encyclopedia) |
Digesto sez. comm. |
Digesto delle discipline privatistiche -- sezione commerciale |
|
(legal encyclopedia) |
Digesto sez. pub. |
Digesto discipline pubblicistiche (law journal) |
Dir. comm. internaz. |
Diritto del commercio internazionale (law journal) |
Dir. fall. |
Diritto fallimentore e delle società commercial (law |
|
journal) |
Enc. dir. |
Enciclopedia del diritto |
ERPL |
European Review of Private Law (law journal) |
Foro it. |
Il Foro italiano (law journal) |
Giur. comm. |
Giurisprudenza commerciale (law journal) |
Giur. it. |
Giurisprudenza italiana (law journal) |
Giust. civ. |
Giustizia civile (law journal) |
l. |
legge (law) |
L. Fall. |
legge fallimentare (Insolvency Act) |
NLCC |
Nuove leggi civili commentate (law journal) |
obs. |
observations |
O.J. |
Official Journal of the European Communities |
P.R.A. |
Pubblico Registro Automobilistico |
r.d.L. |
regio decreto legge (royal decree) |
Riv. dir. civ. |
Rivista del diritto civile (law journal) |
Riv. dir. priv. |
Rivista di diritto privato (law journal) |
Riv. it. leasing |
Rivista italiana del leasing (law journal) |
Riv. not. |
Rivista del notariato (law journal) |
Riv. trim. dir. proc. civ. |
Rivista trimestiale di diritto e procedura civile (law |
|
journal) |
s.u. |
sezioni unite |
Trib. |
Tribunale (Court of First Instance) |
vita not. |
Vita notarile (law journal) |
124 t h e c a s e s t u d i e s
The Netherlands
AA |
Ars Aequi (law journal) |
BW |
Burgerlijk Wetboek (Civil Code) |
ECR |
European Court Reports |
Fw |
Faillissementswet (Insolvency Act) |
HR |
Hoge Raad (Supreme Court) |
Inv. |
Invoeringswet (Implementation Act) |
NJ |
Nederlandse Jurisprudentie (law reports) |
NJB |
Nederlands Juristenblad (law journal) |
NTBR |
Nederlands tijdschrift voor Burgerlijk Recht (law journal) |
Parl. Gesch. |
Parlamentaire Geschiedenis |
Rv |
Wetboek van Burgerlijke Rechtsvordering (Code of Civil |
|
Procedure) |
WPNR |
Weekblad voor privaatrecht, notariaat en registratie |
|
(law journal) |
England
AC |
Appeal Cases, Law Reports |
All ER |
All England Law Reports |
All ER (D) |
All England Reports Digest |
App Cas |
Law Reports, Appeal Cases, House of Lords |
BCC |
British Company Cases |
BCLC |
Butterworth’s Company Law Cases |
CA |
Court of Appeal |
CB |
Common Bench |
Ch |
Law Reports, Chancery Division |
Ch App |
Law Reports, Chancery Appeals |
Cmnd |
Command Paper |
CP |
Law Reports, Common Pleas Division |
JIBFL |
Butterworth’s Journal of International Banking and |
|
Financial Law |
KB |
Law Reports, King’s Bench Division |
Lloyd’s Rep |
Lloyd’s Law Reports |
LQR |
Law Quarterly Review |
LR |
Law Reports |
Mer |
Merivale’s Reports |
QB |
Law Reports, Queen’s Bench Division |
WLR |
Weekly Law Reports |
Ireland
AC |
Appeal Cases, Law Reports |
BCC |
British Company Cases |
BCLC |
Butterworth’s Company Law Cases |