Dépeçage

In law, dépeçage refers to the concept in the conflict of laws whereby different issues within a particular case may be governed by the laws of different states. In common law countries dépeçage is usually used to refer to a single contract which provides that different parts of the contract shall be governed by different laws. See Don King Productions, Inc. v. Douglas, 742 F.Supp.2d 786, 791 (S.D.N.Y. 1990).

The concept originated in civil law countries, but has also been adopted in common law countries such as the United Kingdom and Ireland pursuant to the Rome Convention on the law applicable to contractual obligations (Article 3(1)).

In practice, it is relatively rare for a contract to have more than one expressly chosen governing law. However, there are now three examples where this may occur:

  • In derivatives transactions governed by ISDA standard documentation, it is not uncommon for the ISDA Master Agreement to be governed by the laws of New York state, and for the credit support annexe to be governed by English law. This is because the provisions of English law relating to title transfer under the credit support annexe are thought to be more favourable to the secured party than New York law under the equivalent credit support annexe published by ISDA. In reality however, although the annex is described as forming part of the same agreement as the Master Agreement, physically as well as conceptually, they are really two separate documents.
  • In ship financing transactions, it is quite common for a statutory ship mortgage to be taken over the vessel which will be governed by the laws of the state in which the ship is registered (which will often be an Offshore Financial Centre or jurisdiction which provides for flags of convenience), however, such mortgages are usually supplemented by a separate deed of covenants, and these will normally be governed by the law which governs the primary financial documentation.
  • Following a number of cases in which courts held Capital One to Virginia's three year statute of limitations in its efforts to enforce its credit card agreement against defaulting cardholders, changes were made to their cardholder agreement. Now their agreement says you waive the statute of limitations if it can be waived in your state, and also that if it's not waived it will be the longer of Virginia's or your state's.

Etymology

The term comes from the French word, dépeçage, meaning dismemberment, which is in turn derived from the verb, dépecer, meaning to carve up or to analyze in minute detail.

See also


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • dépeçage — [ depəsaʒ ] n. m. • 1842; de dépecer ♦ Action de dépecer. Le dépeçage d un mouton. On trouve aussi au fig. DÉPÈCEMENT [ depɛsmɑ̃ ]. ● dépeçage ou dépècement nom masculin Action de dépecer un être vivant. Littéraire. Démembrement d un pays, d un… …   Encyclopédie Universelle

  • depecage — de·pe·cage /ˌdā pə säzh/ n [French dépeçage dismemberment, from dépecer to carve up, analyze minutely]: a rule in conflicts of law: the laws of different states may be applied to different issues in the same dispute Merriam Webster’s Dictionary… …   Law dictionary

  • dépeçage — (dé pe sa j ) s. m. Action de dépecer. Le dépeçage des vieux bateaux. ÉTYMOLOGIE    Dépecer …   Dictionnaire de la Langue Française d'Émile Littré

  • depecage — The process whereby different issues in a single case arising out of a single set of facts are decided according to the laws of different states. Broome v. Antlers Hunting Club, 595 F.2d 921, 923 n. 5 (3rd Cir., 1979). Under depecage choice of… …   Black's law dictionary

  • dépeçage — (франц.) правовая конструкция, в соответствии с которой договор делится на части , каждая из которых подчинена своему применимому праву (см. applicable law) …   Glossary of international commercial arbitration

  • DÉPEÇAGE OU DÉPÈCEMENT — n. m. Action de dépecer. Le boucher fit le dépècement d’un boeuf …   Dictionnaire de l'Academie Francaise, 8eme edition (1935)

  • Crises Frontalières Et Dépeçage De La Chine — Dynastie Qing  Ne doit pas être confondu avec Dynastie Qin. Pour les articles homonymes, voir Qing (homonymie) …   Wikipédia en Français

  • eçage — dépeçage …   Dictionnaire des rimes

  • dépècement — dépeçage [ depəsaʒ ] n. m. • 1842; de dépecer ♦ Action de dépecer. Le dépeçage d un mouton. On trouve aussi au fig. DÉPÈCEMENT [ depɛsmɑ̃ ]. ● dépeçage ou dépècement nom masculin Action de dépecer un être vivant. Littéraire. Démembrement d un… …   Encyclopédie Universelle

  • Chevalier de la mort — World of Warcraft « WoW » redirige ici. Pour les autres significations, voir Wow …   Wikipédia en Français


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.