IIL: Applicable Law

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Last updated: May 12, 2025

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General rule	Lex concorsus
Article	Art. 7 EIR
Exception	Rights in Rem
Article	Art. 8 EIR
What is it when ensure payment by taking off money owed by one party to another	Set- off
Does opening of insolvency proceedings affect creditor's right to set off?	No

Article	Art. 9 EIR
What is it when ownership rights will not transfer to the purchaser until the price payment	Reservation of title
Article	Art. 10 EIR
Exceptions to executory contracts	Immoveable property (Art.11) (Location of property)
Exceptions to executory contracts	Employment contracts (Art.13) (Law applicable to the contract)