Lunes, 17 Octubre 2011 08:39

European Commission proposes an optional Common European Sales Law to boost trade and expand consumer choice

October 2011. The European Commission launched on 11 October 2011 a Proposal for a Common European Sales Law. This would be an optional instrument for the companies acting in the EU, enabling them to decide either on choosing their national Contract Law or the Common European Sales Law - which will be the same in all the Member States. The European Sales Law would be applicable to cross-border contracts both for business-to-consumer and business-to-business transactions. The Commission's Proposal now needs approval from the Member States and the European Parliament, which already signalled its overwhelming support in a vote earlier this year (2011).