November 18, 2010

Solution in sight: CFR to the rescue…

Another week has gone by, but the wait is finally over...

...presenting new exciting news and comments from the glamorous world of European contract law.

As you already know I am person strongly in favour of common European contract law, a legal framework, if it was really put in place, would ease trade between different economic actors a lot.

So after having dealt with an interview conducted with Diana Wallis for the past two entries, which served me as kind of an introduction to the topic, I will start talking business by identifying the core issues that exist among the three main European legal systems, the German, the French and the English ones, from which all the rest of the other European systems more or less derive.

In doing so, I will also comment on the Common Frame of Reference (CFR) on several occasions. The CFR is a project proposed by the European Commission to give the European Union in the long run a common legal framework in the area of contract law, which then could be used by in business or consumer trade relations to give the different parties more legal security without having to turn to private international or consumer law to settle their disputes, given that this can represent sometimes a large financial or time-intensive burden.

Besides national contract laws and the CFR, I will also propose own solutions to particular legal issues, which a strong emphasis on internet trade relations, and how European contract law would have to evolve in order to be up to date with modern developments concerning trade relations.

This will be all for this week, but I'm gonna give already a little preview on next week's topics, it starts with postal... and ends with ...rule. In know it's not that easy to figure out, but not despair.

To be continued...


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