Federal Act
on Private International Law
(PILA)


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Art. 10687

b. Doc­u­ments of title and equi­val­ent in­stru­ments

 

1 The law des­ig­nated in Art­icle 145a para­graph 1 de­term­ines wheth­er an in­stru­ment rep­res­ents goods.

2 If the goods are rep­res­en­ted by a phys­ic­al in­stru­ment, the rights in rem to both the in­stru­ment and the goods are gov­erned by the law ap­plic­able to the in­stru­ment as mov­able prop­erty.

3 If sev­er­al per­sons as­sert rights in rem re­lat­ing to the goods, some dir­ectly, oth­ers on the basis of an in­stru­ment, the law ap­plic­able to the goods them­selves de­term­ines which one of these rights pre­vails.

87 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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