Friday, April 15, 2011

European Union Optional Contract Law Initiative to Facilitate Cross-Border Transactions: European Commission Welcomes EU Parliament Committee Support Vote

EUROPA - Press Releases - European Commission welcomes European Parliament committee vote in support of an optional European Contract Law
"The European Parliament’s Legal Affairs Committee approved a report today that favours the elaboration of an optional European Contract Law. This is in response to several options put forward by the European Commission for a more coherent approach to contract law (see IP/10/872). Such a measure could be chosen freely by consumers and businesses in their contractual relations. This optional instrument would be an alternative to the existing national contract laws and would be available in all languages. It could apply in cross-border contracts only, or in both cross-border and domestic contracts. It would have to guarantee a high level of consumer protection and legal certainty throughout the life cycle of a contract. In today’s vote, the Legal Affairs Committee adopted an own-initiative report by Diana Wallis.

Vice-President Viviane Reding, the EU's Justice Commissioner, said: 'It is good news for Europe's Single Market that the European Parliament’s Legal Affairs Committee favours work towards an optional European Contract Law to facilitate cross-border transactions, notably for small- and medium-sized enterprises and consumers. The Commission will take the European Parliament's views strongly into account in its further preparation of the European Contract Law initiative. We plan a first initiative on European Contract Law for the Polish Presidency.'
Read the rest here.

Our Websites and Blogs

3D Printing and More 99 is not 100 Aabecis AK Photo Blog Ancient Egypt Weblog Ancient Signs (the book) Ancient World Blog Anthropomorphic Design Archaeology Travel Photos (blog) Archaeology Travel Photos (Flickr) Archaeo Pundit Arts Pundit Astrology and Birth Baltic Coachman Bible Pundit Biotechnology Pundit Book Pundit Chronology of the Ancient World Computer Pundit DVD Pundit Easter Island Script Echolat Einstein’s Voice Energy Environment and Climate Blog Etruscan Bronze Liver of Piacenza EU Laws EU Legal EU Pundit FaceBook Pundit Gadget Pundit Garden Pundit Golf Pundit Google Pundit Gourmet Pundit Hand Proof HousePundit Human Migrations Idea Pundit Illyrian Language Indus Valley Script Infinity One : The Secret of the First Disk (the game) Jostandis Journal Pundit Kaulins Genealogy Blog Kaulinsium Kiel & Kieler Latvian Blog Law Pundit Blog LexiLine Group Lexiline Journal Library Pundit Lingwhizt LinkedIn Literary Pundit Magnifichess Make it Music Maps and Cartography Megalithic World Megaliths Blog Minoan Culture Mutatis Mutandis Nanotech Pundit Nostratic Languages Official Pundit Phaistos Disc Pharaonic Hieroglyphs Photo Blog of the World Pinterest Prehistoric Art Pundit Private Wealth Blog PunditMania Quanticalian Quick to Travel Quill Pundit Road Pundit Shelfari Sky Earth Drones Sky Earth Native America SlideShare (akaulins) Sport Pundit Star Pundit Stars Stones and Scholars (blog) Stars Stones and Scholars (book) Stonehenge Pundit The Enchanted Glass Twitter Pundit UbiquitousPundit Vision of Change VoicePundit WatchPundit Wearable Technology Wizard WeTechWi Wine Pundit Word Pundit xistmz YahooPundit zistmz