9.6 Assignment of Intangible Movables

9.6.1 Debt: the assignment's law (the assigned-obligation's proper law (the debt's own governing law — the assignment's validity (the LAW 305-and-507 companion)); the perfection's conflicts (the notice's-and-the formalities' law)); 9.6.2 Negotiable instruments: the instruments' own conflict rules (the NIA-type statutes' internal conflict provisions (the maker's/drawer's-and-indorser's liabilities by their own laws (the functional describe (the LAW 507 companion)))); 9.6.3 Shares and securities: the company's incorporation law (the shares' transfer-and-incidents by the corporate law (the lex incorporationis — the LAW 504 companion)); the securities' cross-border settlement (the systems' law (the holding-and-clearing structures — the modern market infrastructure's craft)). Exam Focus Long questions: (i) The immovable-movable divide (the applicable laws' pair — the banker); (ii) The succession's conflict (the situs-personal law's division); (iii) The ansa- banda's cross-border faces (the Nepali institution's theatre). Short questions: the lex situs; the mobilia maxim; the renvoi's succession home; the shares' law. Trick areas: (i) The immovables: the situs law AND the situs court (both exclusive); the movables: the flexible craft; (ii) The succession splits: immovable-by-situs, movable-by- personal-law (the single-law error); (iii) The foreign partition decree does NOT execute against the Nepali land (the situs's exclusive jurisdiction); (iv) The shares' incidents by the law of INCORPORATION (not the trading place).