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Górecki J.

Rejent

2020

nr 9 (353)

11-31

In the event of entering into a binding agreement requiring transfer of ownership of property in international transactions it is necessary to establish law applicable to such an agreement. Parties to this agreement can submit it to a selected law. Only if the law is not selected, this agreement is subject to the law of the place where the property is located. However, the governing law is established separately for the type of this agreement and for the capacity of the parties to enter into the agreement. The law of goods (the laws of the place where the property is located) decides on whether the binding agreement requiring transfer of ownership of property results in disposition. Pursuant to Art. 25 section 2 of Private International Law to evoke this disposition it is necessary for the agreement to be entered into in a way that is in accordance with the law applicable to the place where the property is located. If this requirement is not fulfilled, the agreement will only result in obligation. In the event of entering into the agreement with participation of a proxy evoking disposition does not depend on assuring a form for the power of attorney required by the law where the property is located. It is enough for the power of attorney to be given in a way applicable to the place where this action is performed.