Does business want a Common Frame of Reference?

Does business want a Common Frame of Reference? The title of an interesting contribution to the EU Presidency Stockholm conference by Paul Abbiati, Legal Consultant, Member of the International Chamber of Commerce. His answer in two words was “Maybe yes”. However, support for the idea would be subject to six conditions.

Does business want a Common Frame of Reference? The purpose should be an optional tool for improving the quality of EU legislation.   2. The quality of the instrument would have to be good. It should be limited to contract law and it should be fit for use by non EU businesses as well.   3. There should be full respect for the principle of party autonomy.

Does business want a Common Frame of Reference? 4. Power over contracts should be in the hands of the parties, not the judges.   5. There should be full consultation in the process of elaborating a CFR.   6. There should be a proper assessment of the likely regulatory impact on businesses of any proposals.

Does business want a Common Frame of Reference?   The entire posting with this title was written by Professor Eric Clive on 15th November 2009 at 22:51 on the site ‘European Private Law News’   http://www.law.ed.ac.uk/epln/blogentry.aspx?blogentryref=7979