No additional connexity requirement under Art. 8 LFAIE

ATA/172/1996Court of Justice / Administrative ChamberMar 26, 1996Not Examined

Extracted by Omnilex

Omnilex summary

The decision concerns the interpretation of Art. 8 para. 1 LFAIE in relation to authorizations for the acquisition of real estate by persons abroad. The court held that the provision must be read according to its wording and that Art. 8 para. 1 lit. d LFAIE does not contain an additional requirement that the secured claim be connected to the property pledged as security.

Omnilex headnote

Art. 8 al. 1 LFAIE; interpretation of lit. d and requirement of a connexity between the claim and the immovable property securing it. The provision is to be interpreted according to its wording. No additional condition can be inferred from the text of art. 8 al. 1 lit. d LFAIE requiring a substantive or functional nexus between the secured claim and the property that guarantees it.

Full text

Descripteurs

BIEN-FONDS; ACQUISITION D'IMMEUBLES PAR DES PERSONNES A L'ETRANGER; AUTORISATION(LFAIE); CREANCE GARANTIE PAR GAGE; EP

Normes

LFAIE.8

Résumé

Il y a lieu d'interpréter l'art. 8 al. 1 LFAIE selon sa lettre et de constater que rien ne permet de tirer de son al. 1 litt. d une condition supplémentaire relative à l'exigence d'un lien de connexité entre la créance et l'immeuble qui la garantit.

Keywords

real estate acquisitionforeign personsauthorizationmortgage claimstatutory interpretation

Extracted by Omnilex

Key legal questions extracted by Omnilex

Key legal question

Whether Art. 8 para. 1 lit. d LFAIE requires a further connexity between the secured claim and the property serving as security.

Extracted holding

No. The provision is to be interpreted according to its wording, and no additional requirement of a connexity between the claim and the pledged property can be derived from Art. 8 para. 1 lit. d LFAIE.

Extracted reasoning

The court held that the text of Art. 8 para. 1 LFAIE does not support reading into letter d a further condition beyond the statutory wording.

No additional connexity requirement under Art. 8 LFAIEAI generated