November 18, 2010

Good news: Blogger's views backed up by British MEP

Hey guys,

I'm back with more interesting news, ideas and comments on how European contract law works, a legal subject which as such is still in development and has to be improved to be able to deal with the challenges of the modern 21st century society.


This week I read an interesting interview form Euractiv Slovakia site with the British LibDem MEP Diana Wallis in what ways the functioning of the European Union and especially the single market could be ameliorated. (http://www.euractiv.com/en/priorities/wallis-mep-eu-budget-must-respect-difficult-times-interview-499438)


At some point in the interview, Wallis is asked what she thinks are the best ways to stimulate the economy within the internal market.

This is exactly the moment where she, in the opinion of this blogger, is spot on, basically saying what I told you in my last entry, that, for boundaries and adversities to cross-border trade to disappear, we need a common legal framework among the different European member, because especially small businesses, and to a lesser extent private consumers, will always hesitate to intensify their trade relations because they cannot always be sure what law will apply to them.

In the end, they might be reluctant if they have to enforce civil or sometimes even criminal claims against their trade partners located in a another member state, because the costs of avoiding legal troubles in another member state, as small businesses often don't have the sufficient money to consult legal advisers to know if they comply with the law of another member state.

Thus they will be hindered in marketing their products or services across their own borders and the main benefit of the internal single market will remain obsolete to them, particularly since the internet would offer them a lot of opportunities to advertise their products or services in the whole European Union.


How this problem can be tackled and what are the main obstacles will be the topics in my next entries by analysing and comparing specific parts of contract law of the three biggest economies in the European Union, Germany, France and the United Kingdom, and showing how these can create problems for cross-border trade, so stay tuned.


See you soon,


K.S


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