ModernpropertylawI·I.Summary previous lectures· II. Today's topic: Problems with the"classical model", an overview ofmodernpropertylaw
Modern property law I • I. Summary previous lectures • II. Today’s topic: Problems with the “classical model”, an overview of modern property law
ModernpropertylawI·Separation between subject and object-No separation: no property law-Subjects of property law:natural persons,legalpersonsand"patrimony-Traditional objects of property law:·Corporeal things,particularlyland (Germany).Incorporealthings(sometimes:France).Separate statusfor intellectual property?
Modern property law I • Separation between subject and object − No separation: no property law − Subjects of property law: natural persons, legal persons and “patrimony” − Traditional objects of property law: • Corporeal things, particularly land (Germany) • Incorporeal things (sometimes: France) • Separate status for intellectual property?
ModernpropertylawI.Focus on longer on land:-Movables- Claims-Newobjects:"Virtual property"-Cf.developments in succession law:·Strengthening the position of the survivingspouseLesserprotectionforthechildren
Modern property law I • Focus on longer on land: − Movables − Claims − New objects: “Virtual property” − Cf. developments in succession law: • Strengthening the position of the surviving spouse • Lesser protection for the children
ModernpropertylawI·Policychoices-(1)Separationbetweenthelawofobligations and the law of property?-(2)Ownership:auniformright (i.e.nottobe fragmentedina feudal sense oraccording to the will of the parties)?(3)Is ownership protected,when doescommerce or the general interest prevail?
Modern property law I • Policy choices − (1) Separation between the law of obligations and the law of property? − (2) Ownership: a uniform right (i.e. not to be fragmented in a feudal sense or according to the will of the parties)? − (3) Is ownership protected, when does commerce or the general interest prevail?
ModernpropertylawI.No longer a strict separation betweencontract/tortandproperty-Newfinancial"products"（"derivatives")-Risks:subprime mortgages as underlyingvalue,credit crisis-Contractual security arrangements:primeexample retention of title-Freedom of contract in property law?
Modern property law I • No longer a strict separation between contract/tort and property − New financial “products” (“derivatives”) − Risks: subprime mortgages as underlying value, credit crisis − Contractual security arrangements: prime example retention of title − Freedom of contract in property law?