Lecture 1 (week 1). What is property law?
Property Law Summary KC’s
Inhoud
Property Law Summary KC’s............................................................................................................................................1
Lecture 1 (week 1). What is property law?......................................................................................................................5
What is property law?.................................................................................................................................................5
Where does property law stand in relation to other areas of the law?.......................................................................5
What are the things covered in property law?............................................................................................................5
Intangible / incorporeal things....................................................................................................................................6
What can we own?......................................................................................................................................................7
Property law vs. Contract law......................................................................................................................................7
Differences between property law and contract law..................................................................................................7
Property law & contract law working together...........................................................................................................8
Property law: Framework............................................................................................................................................8
Lecture 2 (Week 2). History of property law: a civil & common law perspective............................................................9
Part I: Feudal system in civil law..................................................................................................................................9
Prior timeline...............................................................................................................................................................9
The feudal pyramid of power......................................................................................................................................9
The battle of Hastings 1066.......................................................................................................................................10
How did it work?.......................................................................................................................................................10
Acquiring ownership (or equivalent).........................................................................................................................13
Occupatio.................................................................................................................................................................. 13
Acquisitive prescription.............................................................................................................................................13
Commingling..............................................................................................................................................................14
Specificatio................................................................................................................................................................ 15
Accession................................................................................................................................................................... 16
Real estate fixtures vs trade fixtures.........................................................................................................................16
Accession................................................................................................................................................................... 17
Transfer..................................................................................................................................................................... 17
Property Law lecture notes week 3...............................................................................................................................18
Elements of a transfer...............................................................................................................................................18
Case 1............................................................................................................................................................................ 18
Delivery..................................................................................................................................................................... 18
Delivery of movables.................................................................................................................................................18
Transfer systems........................................................................................................................................................20
Consensual transfer system.......................................................................................................................................20
Traditio(n) transfer system........................................................................................................................................20
Causal transfer systems.............................................................................................................................................20
,Lecture 1 (week 1). What is property law?
Consensual transfer systems.....................................................................................................................................21
Abstract transfer systems..........................................................................................................................................21
Transfer chains..........................................................................................................................................................21
Case 2: Transfer of ownership movables.......................................................................................................................21
Valid transfer under French law................................................................................................................................22
Valid transfer under German law..............................................................................................................................22
Valid transfer under Dutch law..................................................................................................................................22
Valid transfer under English law................................................................................................................................22
Claim(s) against Tom and Drew?...............................................................................................................................23
Insolvency..................................................................................................................................................................23
Transfer systems........................................................................................................................................................23
Transfer systems: E&W.............................................................................................................................................23
Part III – Transfer of land...............................................................................................................................................24
Requirements for transfer of land.............................................................................................................................24
The deed.................................................................................................................................................................... 24
Registration...............................................................................................................................................................24
The special case of England & Wales.........................................................................................................................25
Lecture 4 (week 4). Theories of limited property rights................................................................................................27
Limited property rights..............................................................................................................................................27
Démembrement (subtraction) theory.......................................................................................................................28
Limitation model.......................................................................................................................................................29
Limitation model.......................................................................................................................................................29
What is the difference?.............................................................................................................................................30
Priority ranking, démembrement (subtraction)........................................................................................................30
Démembrement (subtraction)...................................................................................................................................31
The limitation model.................................................................................................................................................31
Advantages of the limitation model over the subtraction model..............................................................................32
Limited property rights: overview.............................................................................................................................32
Lecture 5 (week 6) Security rights I...............................................................................................................................35
Security rights I..........................................................................................................................................................35
Personal and property security rights........................................................................................................................35
Overview of property security rights.........................................................................................................................35
What is the function of a property security right?.....................................................................................................36
Advantages as security creditor.................................................................................................................................36
Illustration of the advantages with numbers.............................................................................................................37
Perfection of the pledge: how to establish a right of pledge?...................................................................................38
Establishment of right of pledge................................................................................................................................38
Delivery/establishment right of pledge II – 2 ways to establish................................................................................39
Delivery / establishment right of pledge III - publicity...............................................................................................39
,Lecture 1 (week 1). What is property law?
Delivery / establishment right of pledge IV – (non-)possessory pledge.....................................................................40
Multiple rights of pledge: priority conflicts...............................................................................................................40
Delivery / establishment right of pledge V................................................................................................................40
Delivery / establishment right of pledge VI – pledge/charge on receivables.............................................................41
Common law charge..................................................................................................................................................41
Common law charge II – floating charge...................................................................................................................42
Common law charge, fixed or floating?.....................................................................................................................43
Common law charge critique.....................................................................................................................................43
Right of hypothec......................................................................................................................................................44
Characteristics of a right of hypothec........................................................................................................................44
Principle of transparency...........................................................................................................................................44
Principle of specificity................................................................................................................................................44
Accessory nature of security rights............................................................................................................................46
Enforcement of security rights..................................................................................................................................47
Prohibition of unjust enrichment..............................................................................................................................47
Issues with the enforcement of security rights.........................................................................................................47
The prohibition of self-help (prohibition de voie parée) (France only!!)....................................................................48
The prohibition of pacta commisoria........................................................................................................................48
How to sell the subject matter of the security right?................................................................................................48
Lecture 6 (week 7).........................................................................................................................................................50
Ownership as a security right....................................................................................................................................50
Transfer of ownership for security purposes (Fiducia cum creditore).......................................................................50
Conditional ownership..............................................................................................................................................50
(Dis)advantages of ownership as security over (limited) property security rights as pledge or hypothec................51
Fiduciary transfer (transfer of ownership for security purposes) in Germany...........................................................51
Fiduciary transfer (transfer of ownership for security purposes) in Germany...........................................................51
Fiduciary transfer (transfer of ownership for security purposes) in the Netherlands...............................................52
Mortgage (transfer of ownership for security purposes) in E&W..............................................................................52
Conclusion transfer of ownership for security purposes...........................................................................................52
Retention of title clause............................................................................................................................................53
What is the relevance of a retention of title clause?.................................................................................................53
The function of a retention of title clause.................................................................................................................53
Example Retention of Title clause.............................................................................................................................54
Vindication claim in retention of title........................................................................................................................54
Which claims can be secured with a retention of title clause>..................................................................................55
The right of ownership in a retention of title clause.................................................................................................55
Consequences of full ownership................................................................................................................................55
Two common problems for the seller under a retention of title clause....................................................................56
One exception to the rule..........................................................................................................................................57
, Lecture 1 (week 1). What is property law?
Lecture 7 (week 9). Trusts.............................................................................................................................................58
Lecture 8 (week 10).......................................................................................................................................................62
Property Law video week 10. The Crisis of Credit visualised.....................................................................................62
Lecture 9 (week 11) Islamic finance..............................................................................................................................65
Lecture 10 (week 12) Bankruptcy..................................................................................................................................66
Property Law Summary KC’s
Inhoud
Property Law Summary KC’s............................................................................................................................................1
Lecture 1 (week 1). What is property law?......................................................................................................................5
What is property law?.................................................................................................................................................5
Where does property law stand in relation to other areas of the law?.......................................................................5
What are the things covered in property law?............................................................................................................5
Intangible / incorporeal things....................................................................................................................................6
What can we own?......................................................................................................................................................7
Property law vs. Contract law......................................................................................................................................7
Differences between property law and contract law..................................................................................................7
Property law & contract law working together...........................................................................................................8
Property law: Framework............................................................................................................................................8
Lecture 2 (Week 2). History of property law: a civil & common law perspective............................................................9
Part I: Feudal system in civil law..................................................................................................................................9
Prior timeline...............................................................................................................................................................9
The feudal pyramid of power......................................................................................................................................9
The battle of Hastings 1066.......................................................................................................................................10
How did it work?.......................................................................................................................................................10
Acquiring ownership (or equivalent).........................................................................................................................13
Occupatio.................................................................................................................................................................. 13
Acquisitive prescription.............................................................................................................................................13
Commingling..............................................................................................................................................................14
Specificatio................................................................................................................................................................ 15
Accession................................................................................................................................................................... 16
Real estate fixtures vs trade fixtures.........................................................................................................................16
Accession................................................................................................................................................................... 17
Transfer..................................................................................................................................................................... 17
Property Law lecture notes week 3...............................................................................................................................18
Elements of a transfer...............................................................................................................................................18
Case 1............................................................................................................................................................................ 18
Delivery..................................................................................................................................................................... 18
Delivery of movables.................................................................................................................................................18
Transfer systems........................................................................................................................................................20
Consensual transfer system.......................................................................................................................................20
Traditio(n) transfer system........................................................................................................................................20
Causal transfer systems.............................................................................................................................................20
,Lecture 1 (week 1). What is property law?
Consensual transfer systems.....................................................................................................................................21
Abstract transfer systems..........................................................................................................................................21
Transfer chains..........................................................................................................................................................21
Case 2: Transfer of ownership movables.......................................................................................................................21
Valid transfer under French law................................................................................................................................22
Valid transfer under German law..............................................................................................................................22
Valid transfer under Dutch law..................................................................................................................................22
Valid transfer under English law................................................................................................................................22
Claim(s) against Tom and Drew?...............................................................................................................................23
Insolvency..................................................................................................................................................................23
Transfer systems........................................................................................................................................................23
Transfer systems: E&W.............................................................................................................................................23
Part III – Transfer of land...............................................................................................................................................24
Requirements for transfer of land.............................................................................................................................24
The deed.................................................................................................................................................................... 24
Registration...............................................................................................................................................................24
The special case of England & Wales.........................................................................................................................25
Lecture 4 (week 4). Theories of limited property rights................................................................................................27
Limited property rights..............................................................................................................................................27
Démembrement (subtraction) theory.......................................................................................................................28
Limitation model.......................................................................................................................................................29
Limitation model.......................................................................................................................................................29
What is the difference?.............................................................................................................................................30
Priority ranking, démembrement (subtraction)........................................................................................................30
Démembrement (subtraction)...................................................................................................................................31
The limitation model.................................................................................................................................................31
Advantages of the limitation model over the subtraction model..............................................................................32
Limited property rights: overview.............................................................................................................................32
Lecture 5 (week 6) Security rights I...............................................................................................................................35
Security rights I..........................................................................................................................................................35
Personal and property security rights........................................................................................................................35
Overview of property security rights.........................................................................................................................35
What is the function of a property security right?.....................................................................................................36
Advantages as security creditor.................................................................................................................................36
Illustration of the advantages with numbers.............................................................................................................37
Perfection of the pledge: how to establish a right of pledge?...................................................................................38
Establishment of right of pledge................................................................................................................................38
Delivery/establishment right of pledge II – 2 ways to establish................................................................................39
Delivery / establishment right of pledge III - publicity...............................................................................................39
,Lecture 1 (week 1). What is property law?
Delivery / establishment right of pledge IV – (non-)possessory pledge.....................................................................40
Multiple rights of pledge: priority conflicts...............................................................................................................40
Delivery / establishment right of pledge V................................................................................................................40
Delivery / establishment right of pledge VI – pledge/charge on receivables.............................................................41
Common law charge..................................................................................................................................................41
Common law charge II – floating charge...................................................................................................................42
Common law charge, fixed or floating?.....................................................................................................................43
Common law charge critique.....................................................................................................................................43
Right of hypothec......................................................................................................................................................44
Characteristics of a right of hypothec........................................................................................................................44
Principle of transparency...........................................................................................................................................44
Principle of specificity................................................................................................................................................44
Accessory nature of security rights............................................................................................................................46
Enforcement of security rights..................................................................................................................................47
Prohibition of unjust enrichment..............................................................................................................................47
Issues with the enforcement of security rights.........................................................................................................47
The prohibition of self-help (prohibition de voie parée) (France only!!)....................................................................48
The prohibition of pacta commisoria........................................................................................................................48
How to sell the subject matter of the security right?................................................................................................48
Lecture 6 (week 7).........................................................................................................................................................50
Ownership as a security right....................................................................................................................................50
Transfer of ownership for security purposes (Fiducia cum creditore).......................................................................50
Conditional ownership..............................................................................................................................................50
(Dis)advantages of ownership as security over (limited) property security rights as pledge or hypothec................51
Fiduciary transfer (transfer of ownership for security purposes) in Germany...........................................................51
Fiduciary transfer (transfer of ownership for security purposes) in Germany...........................................................51
Fiduciary transfer (transfer of ownership for security purposes) in the Netherlands...............................................52
Mortgage (transfer of ownership for security purposes) in E&W..............................................................................52
Conclusion transfer of ownership for security purposes...........................................................................................52
Retention of title clause............................................................................................................................................53
What is the relevance of a retention of title clause?.................................................................................................53
The function of a retention of title clause.................................................................................................................53
Example Retention of Title clause.............................................................................................................................54
Vindication claim in retention of title........................................................................................................................54
Which claims can be secured with a retention of title clause>..................................................................................55
The right of ownership in a retention of title clause.................................................................................................55
Consequences of full ownership................................................................................................................................55
Two common problems for the seller under a retention of title clause....................................................................56
One exception to the rule..........................................................................................................................................57
, Lecture 1 (week 1). What is property law?
Lecture 7 (week 9). Trusts.............................................................................................................................................58
Lecture 8 (week 10).......................................................................................................................................................62
Property Law video week 10. The Crisis of Credit visualised.....................................................................................62
Lecture 9 (week 11) Islamic finance..............................................................................................................................65
Lecture 10 (week 12) Bankruptcy..................................................................................................................................66
