The Commission's Green Paper on European Contract Law is there!

This morning the European Commission presented its Green Paper on policy options for progress towards a European Contract Law for consumers and businesses. Options under consideration include:

- model contract rules;

- a 'toolbox' for EU lawmakers;

- a Contract Law Recommendation (in the style of the US Uniform Commercial Code);

- an optional instrument for European Contract Law ('28th regime');

- harmonisation of national contract laws by means of a Directive;

- full harmonisation of national contract laws by means of a Regulation; and...

- a full-fledged European Civil Code.

A public consultation on this strategic policy paper will run till 31 January 2011.

For more information see the press release of the Commission. Contributions to the public consultation can be posted through the Commission's website.