Federal Act
on Private International Law
(PILA)

of 18 December 1987 (Status as of 1 July 2022)


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Art. 105

3. Spe­cial rules

a. Pledging of claims, se­cur­it­ies and oth­er rights

 

1 The pledging of claims, se­cur­it­ies or oth­er rights is gov­erned by the law chosen by the parties. This choice of law can­not be as­ser­ted against third parties.

2 In the ab­sence of a choice of law, the pledging of claims is gov­erned by the law of the state of the pledgee’s ha­bitu­al res­id­ence. The same ap­plies to the pledging of oth­er rights, provided they are rep­res­en­ted by an un­cer­ti­fic­ated se­cur­ity, a cer­ti­fic­ated se­cur­ity or an equi­val­ent in­stru­ment; oth­er­wise, the pledging of such rights is gov­erned by the law ap­plic­able to them.59

3 A law oth­er than the one gov­ern­ing the pledged right can­not be as­ser­ted against the debt­or.

59 Amended by No I 3 of the FA of 25 Sept. 2020 on the Ad­apt­a­tion of Fed­er­al Law to De­vel­op­ments in Dis­trib­uted Ledger Tech­no­logy, in force since 1 Feb. 2021 (AS 2021 33; BBl 2020233).

 
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