page_title: Raiffeisen Zentralbank Österreich AG v Five Star General Trading LLC
hierarchical_section_title: Raiffeisen Zentralbank Österreich AG v Five Star General Trading LLC
caption_attribution_description: English: Headquarters of Raiffeisen Zentralbank, 3rd district of Vienna Deutsch: Zentrale der Raiffeisen Zentralbank, Wien-Landstraße Français&#160;: Centre administratif de Raiffeisen Zentralbank, 3e district de Vienne
context_page_description: Raiffeisen Zentralbank Österreich AG v Five Star General Trading LLC [2001] EWCA Civ 68, [2001] QB 825 is a judicial decision of the Court of Appeal of England and Wales relating to the conflict of laws.
  The case related to a security interest which was created in favour of the bank over the insurance proceeds relating to a ship. The sipo was later involved in a collision, and the third party sought to assert a claim to the insurance proceeds in priority to the bank's rights under the security agreement. The choice of law rules suggested different outcomes depending upon whether this was characterised as an issue of contract law or an issue of property law.
  The Court of Appeal held that the choice of law rules relating to contracts should be applied, and accordingly, the bank prevailed.
context_section_description: Raiffeisen Zentralbank Österreich AG v Five Star General Trading LLC [2001] EWCA Civ 68, [2001] QB 825 (frequently shortened to RZB v Five Star) is a judicial decision of the Court of Appeal of England and Wales relating to the conflict of laws.
  The case related to a security interest which was created in favour of the bank over the insurance proceeds relating to a ship.  The sipo was later involved in a collision, and the third party sought to assert a claim to the insurance proceeds in priority to the bank's rights under the security agreement.  The choice of law rules suggested different outcomes depending upon whether this was characterised as an issue of contract law (in which case it would be determined by English law, and the bank would prevail) or an issue of property law (in which case French law would apply, and the third party would prevail).
  The Court of Appeal held that the choice of law rules relating to contracts should be applied, and accordingly, the bank prevailed.
caption: Raiffeisen Zentralbank Österreich headquarters
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