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Founded by the Young Property Lawyers Forum (www.yplf.net), this volume presents the carefully curated highlights of two consecutive conferences held in Hamburg (Max Planck Institute for Comparative and International Private Law, Germany) and in Monterrey (Universidad de Monterrey, Mexico).

This essay, which is based on the Private Law Lecture delivered at Maastricht University, explores these antithetical assumptions and uncovers the extent to which contemporary PIL systems have embraced the latter view, albeit in mostly covert ways.