The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Legal professionals across the European Union (EU) are to be asked whether or not they support the idea of creating a parallel body of European contract law that would exist alongside national legislation
The idea is to create a set of legal principles that are recognised across the EU as a tool by which cross-border disputes could be resolved, but which unlike standard European legislation would not supersede national rules.
The European Commission is looking for views from lawyers, businesses, consumer organisations, nat-ional governments and other EU institutions on "the desirability and the feasibility" of creating such an optional body of European law. This would have a "wide application rather than (being) a sector-specific instrument", said a commission note.
The proposal is part of a new EU action plan on creating a European body of contract law.
Another element of the plan should lead to the creation of agreed common terms and in-terpretation of legal principles that apply across the EU.
Brussels is to tap the reserves of the new e16.5bn (£11.1bn) Sixth Framework Programme for research to fund studies that will include commercial lawyers developing a "common frame of reference" containing definitions of concepts, such as "contract" or "damage".
The commission said it would use these terms when reviewing "existing EU law or making legislative proposals".
The commission added that it would also promote these concepts across the EU.