Expert Group Report on European contract law (May 2011)
„A European contract law for consumers and businesses: Publication of the results of the feasibility study carried out by the Expert Group on European contract law for stakeholders‘ and legal practitioners‘ feedback“
Following consultation (320 responses) of the Commission Green Paper on various legal instruments, the EU Commission wishes to propose an Optional Instrument (OI) for cross-border transactions covering all necessary rules for the life cycle of a contract between parties. On 3 May the Commission published the draft of 189 articles resulting from a one-year preparatory work by the 17 person Expert Group. EuSoCo should be a part of the discussions to be had following this feasibility study and should be involved in the preparation of any follow-up initiatives on European contract law.
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