On 24th Octobre, at the conference on e- Justice challenges in Vilnius, Lithuania announced that they will start participating in the Crobeco project.
On 24th Octobre, at the conference on e- Justice challenges in Vilnius, Lithuania announced that they will start participating in the Crobeco project.
On 8th July English Notary Mr Andrew Johnston submitted the first English CROBECO contract in Mijas 1 (Spain)
ELRA stands for European Land Registry Association. It is a nonprofit association set up in 2004 by 12 European land registry organizations and currently made up of 30 members, public sector entities administering Land Registries and professional associations of registrars, in 23 Member States. ELRA is seated in Brussels.
In times when techniques are rapidly advancing, the need to reduce administrative burdens – especially in times of financial crises – is becoming a priority. Public authorities try to find a ways to cut costs. It is important that lawyers help to recover the real estate market by improving confidence and cut costs where and when possible. Therefore, the transfer of ownership and mortgaging an immovable should be as efficiently as possible, both in a Member State and cross-border.
Chaired by ELRA President, Alasdair Lewis, the XVIII ELRA General Assembly took place in Brussels on 10th December 2013 at the Scotland House offices. ELRA was honoured to welcome the Austrian Ministry of Justice as a new member. With this incorporation, ELRA now comprises 31 national associations from 24 EU countries. Relevant speakers from the European […]
The European Land Registers Network provides answers to questions on foreign legislation A repository of clauses provides examples of clauses in contracts of sale that were accepted by the Registrar in the country of the plot of land. A help desk assists foreign conveyancers to collect relevant information and fulfil tax formalities in the foreign country. More information. A help desk […]
CROBECO described an alternative European conveyancing process that could contribute to a better cross border service of documents (art 81 TFEU). For property rights the law of the country of the plot (“lex rei sitae”) is fully respected (art 345 TFEU), but for contractual and non contractual obligations the law choice is used to make the law of the country of the foreign buyer applicable.
Some prospective buyers of foreign real estate ask for a simple conveyancing process with home country based protection. This is possible pursuant to EU regulations on law choice and choice of forum.
A notary who follows the CROBECO approach has to be familiar with two legal systems. His home country law on obligations and the for him foreign legislation for registration in the country where the plot of land is located.
CROBECO is an ELRA initiative, awarded with a Grant by the European Commission. CROBECO concerns cross border registration in foreign Land Registers. It introduces an alternative conceyancing process for foreign buyers of real estate.