Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-433-312"
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"en.20110608.20.3-433-312"2
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"A unified contract law regime must be applied in the European Union. Above all, this would remove obstacles often faced by consumers and small and medium-sized enterprises (SMEs) in the Single Market relating to the complexity of contractual relations. Furthermore, a common European contract law would ensure increased cross-border trade in the Internal Market. The Rome I Regulation currently in force is an adequate regulatory instrument, which provides for a high level of protection of the weaker contractual party. The provisions of this regulation protect consumers when seeking redress from businesses in other Member States with whom they have entered into a contract. Given that a well-functioning legal regulation mechanism is already in force in this area in the European Union, I do not endorse this resolution on policy options for progress towards a European contract law for consumers and businesses, which proposes adopting a new regulation, which would set up a new optional instrument, to be applied in business-to-business and business-to-consumer transactions. Attention should be drawn to the fact that the new regulation would result in much confusion and a lack of clarity in this area. Furthermore, its implementation would require additional funding and increased bureaucracy."@en1
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