Commission communication with sections relating to European Contract Law JUNE 2009

A recent Commission communication on the Stockholm Programme included sections relating to European Contract Law titled:

'Supporting economic activity -The European judicial area should serve to support economic activity in the single market, particularly in a period of crisis.'

"Contractual relations must be put on a more secure footing, as differences between Member States’ legislation in the contract law field can prevent traders from reaping the full benefits of the single market."

"Standard contracts between individuals or small businesses should be drawn up, building on the groundwork already carried out. Use of these contracts would be voluntary, but they would be translated into the different languages and serve as a model for the business world."


"The regulation of business law would help oil the wheels of the internal market. A variety of measures could be considered here: common rules determining the law applicable to matters of company law, insurance contracts and the transfer of claims, and the convergence of national rules on insolvency procedures for banks."

See Pages 13&14 of the document

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:2009:0262:FIN:EN:PDF

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