Examples of using Priority rule in English and their translations into French
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Official
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Colloquial
It was recalled that that provision was part of a previous substantive law priority rule contained in the draft Convention that did not belong in draft article 2 of the annex since draft article 2 of the annex would be the sole basis on which an assignee could assert priority. .
In response to a question, it was noted that no priority rule was mandatory as recommendation 75 provided that any competing claimant might at any time subordinate its priority unilaterally
absence of that rule, in particular since a State opting into section I could not opt into section III as well which contained a time-of-assignment priority rule.
as the Article 13 interest would be subordinate on the basis of the priority rule of Article 19(2)
This is not, however, a priority rule in the strict sense because in the circumstances envisaged by the rule,
paragraph 2, under which a priority rule of the law applicable may be set aside for the purpose of protecting,
The draft Guide's priority rule in recommendation 73 was designed to resolve such conflicts,
the application of which could result in setting aside a priority rule of the law applicable
that in itself was a priority rule that might not apply in all States.
the only exception to this priority rule is if the transferee had knowledge that the transfer of the money is in violation of the security agreement between the account holder
The view was expressed that sufficient protection was already provided for junior interests by the priority rule found in Article 29 of the Convention and the notice of
A legal system cannot simply provide that the priority rule in effect at the time when a security right was created governs priority with respect to that right because such a rule would not provide a coherent answer when one of the rights that is being compared was created under the prior law while the other was created under the new law.
the only exception to this priority rule is if the transferee has knowledge that the transfer of the money is in violation of the security agreement between the account holder
is directly linked to the priority rule in Article 29(4); indeed, it can properly be regarded as itself a supplementary priority rule that can be varied by a subordination agreement between debtor
by way of a declaration, between a priority rule based on the time of assignment
to invoke a priority rule, according to which a registered security right takes precedence over an unregistered prior security right,
As the depositary bank generally will win in such a situation by reason of the right of set-off that it generally enjoys under law other than secured transactions law(unless it has expressly waived its right), a priority rule that favours the bank in this circumstance allows the conflict to be resolved within the confines of the priority regime without resorting to other law.
to invoke a priority rule, according to which a registered security right takes precedence over an unregistered prior security right,
As the depositary bank generally will win in such a situation by reason of the right of set-off that it generally enjoys under non-secured transactions law(unless it has expressly waived its right), a priority rule that favours the bank in this circumstance allows the conflict to be resolved within the confines of the priority regime without resorting to other law.
Intersections and priority rules.