Monday, 10 October 2011

Are we there yet?... Adoption of Consumer Rights Directive. Finally!

The new EU Consumer Rights Directive has been formally adopted today by Member States in the EU's Council of Ministers. The works on this Directive were stormy and its scope has changed tremendously from the first draft that we had seen in October 2008. The agreement between the institutions of the EU was difficult to reach, but after many compromises had been made, the Directive became a reality. The final text is not published yet, but from the news (New EU rules on consumer rights to enter into force; Council approves new directive) it seems that the text had not changed since June 2011, i.e. the last amendments adopted by the European Parliament. Spain was the only country who voted against adoption of this Directive in the Council. The Directive will enter into force 20 days after its publication in the Official Journal. The Member States will have 2 years to implement it.

For top 10 benefits for consumers in the new Directive see here. More detailed analysis will follow on this blog as soon as we get the official text.

No comments:

Post a Comment