Property law - Reflexions

Property law

The very definition of the word “property” is complex. Authors are divided over it: some only see it as covering tangible assets, whereas others include intangible assets, including certain rights. For ordinary mortals, it can be defined as any asset that is part of a person’s patrimony. New assets have appeared that aren’t always easy to classify, which has an effect on the effectiveness of their legal regime For example, the emissions quotas in the Kyoto Protocol: they can be exchanged, bought and sold, so it should be possible to classify them as property...but in which category?! Symposiums regularly deal with these new assets but it is very difficult to know which legal regime they fall under.