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European Commission welcomes Parliament's support for an optional Europe-wide contract law

Speeches: 08/06/2011 - 02:00, Viviane Reding, EU Justice Commissionner
The European Parliament, in a vote of its 736 members plenary today, with an overwhelming majority (521 in favour, 145 against, 8 abstentions) backed optional EU-wide rules for businesses and consumers who are concluding contracts in the Single Market. The vote by Parliament follows a recent policy announcement by European Commission Vice-President Viviane Reding that she is considering proposing such an optional European contract law in the autumn (SPEECH/11/411). Her objective is to bring more coherence to contract law in Europe while easing cross-border transactions, notably for Europe's small businesses and its 500 million consumers.