Content area

Abstract

Two years ago, the British Institute of International and Comparative Law published a report titled 'Study on the question of effectiveness of an assignment or subrogation of a claim against third parties and the priority of the assigned or subrogated claim over a right of another person'. This dealt with the possibility of introducing a uniform EU-wide conflict of law rule for the enforceability of assignments against third parties. The 415-page study consists of a legal, statistical and empirical analysis, as well as recommendations and drafting proposals. The study will serve as the basis of the European Commission's report under Article 27(2) of the Rome I Regulation (Regulation (EC) 593/2008) on a possible new EU conflict of law solution for the third party aspects of assignment and the priority of claims. The report will propose, if appropriate, a general conflict rule, which amends the Rome I Regulation so as to cover all proprietary aspects of an assignment and an assessment of the impact of any proposed amendment. The report proposes, therefore, one rule for all proprietary aspects of an assignment and suggests that the Rome I Regulation should be amended so as to clearly separate the contractual aspects of an assignment under article 3 from the proprietary aspects under article 14.

Details

Title
Conflict of law rules for voluntary assignments under the Rome I Regulation
Author
Lenihan, Paul
Pages
n/a
Publication year
2013
Publication date
Jun 2013
Publisher
Euromoney Institutional Investor PLC
ISSN
02626969
Source type
Trade Journal
Language of publication
English
ProQuest document ID
1399994686
Copyright
( (c) Euromoney Institutional Investor PLC Jun 2013)