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This independent blog collects news about projects or achievements in regulatory reform / better regulation. It is edited by Charles H. Montin. All opinions expressed are given on a personal basis.
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02 June 2010

The "28th system" envisaged for contract law

The European Commission, seeking to boost cross-border trade and to ensure strong rights for consumers, convened a new expert group to propose ways to improve contract law (for a Common Frame of Reference) in the European Union. The group of 18 contract law experts, lawyers and consumer representatives met for the first time on 26 April in Brussels. The Commission will launch a public consultation on the most appropriate way forward to improve coherence in contract law in the summer. A possible solution could be an optional European contract law (or "28th system"). For example, an Irish retailer dealing with a French supplier, who is unfamiliar with French law, could opt for European law for the contract. In addition, a Polish consumer shopping on the Internet could push a "blue button" on the website and choose the European contract law instrument, which would guarantee a high level of consumer protection. See Commission press release for details.

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