82. Where the security consists of a mortgage on ships or shipping or on real property, or of a registered judgment or an execution binding real property that is not by any other provision of this Act invalid for any purpose of creating a lien, claim or privilege on the real or personal property of the company, the property mortgaged or bound by the security shall only be assigned and delivered to the creditor, or, in the case of an authorized foreign bank, to the creditor or person who holds the security

(10) Whilst immovable property and related expenditure account for the most significant cases where clarification and strengthening of the rule is appropriate, given the value and economic lifetime of such property and the fact that mixed use of this type of property is a common practice, it is nevertheless appropriate, in accordance with the principle of subsidiarity, to authorise Member States to apply the same rule to movable goods with a durable nature and forming part of the business assets .

In its last resolution the European Parliament regretted that the Commission communication was confined to the law of contract and called for it to include general contract law, the law on sales contracts, the law governing service contracts including financial services and insurance contracts, the law governing personal securities, the law governing non-contractual obligations (tort, law of restitution), the law governing the transfer of ownership of moveables, the law governing credit guarantees and moveables and the law on trusts.

This co-operation should aim to find common legal concepts and solutions and a common terminology of the legal systems of the 15 Member States which could be applied on a voluntary basis (Option II of the Communication) notably in the following fields: general contract law, the law on sales contracts, the law governing service contracts including financial services and insurance contracts, the law governing personal securities, the law governing non-contractual obligations (tort, law of restitution), the law governing the transfer of ownership of moveables, the law governing credit guarantees and moveables, the law on trusts;

This co-operation should aim to find common legal concepts and solutions and a common terminology of the legal systems of the 15 Member States which could be applied on a voluntary basis (Option II of the Communication) notably in the following fields: general contract law, the law on sales contracts, the law governing service contracts including financial services and insurance contracts, the law governing personal securities, the law governing non-contractual obligations (tort, law of restitution), the law governing the transfer of ownership of moveables, the law governing credit guarantees and moveables, the law on trusts,

Legislative activity will undoubtedly focus on the following areas of property law: the law governing obligations (general contract law, the law on sales contracts, law governing service contracts, including financial services and insurance contracts, the law governing personal securities and the law governing non-contractual obligations), the law of things (law governing the transfer of ownership of moveables, the law governing credit guarantees and moveables, the law on trusts).