The rights or obligations of the collateral provider, the beneficiary or any third party in respect of the collateral referred to in I of article L. 211-38 relating to financial securities are determined by the law of the State in which the account in which the securities are delivered or provided as collateral is located.
The provisions of Book VI of the Commercial Code, or those governing any equivalent judicial or amicable proceedings initiated on the basis of foreign law, shall not prevent the application of the provisions of this section. Article 1343-2 of the Civil Code shall not prevent the capitalisation of interest due pursuant to an agreement or framework agreement referred to in Article L. 211-36-1 of this Code.
Article 1195 of the Civil Code does not apply to obligations arising from transactions in the securities and financial contracts referred to in I to III of Article L. 211-1 of this Code.
All equivalent instruments or rights representing a financial investment in an entity issued on the basis of foreign law are treated in the same way as the financial securities referred to in article L. 211-1.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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