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LATEST NEWS & EVENTS Law Society worried about EU contract law  Plans for a Europe-wide contract law affecting commercial agreements and other areas covered by corporate legal services have been criticised by the Law Society. The organisation said it is concerned about a European Commission (EC) feasibility study on implementing a single contract law framework. Law Society president Linda Lee claimed the study, which comes after an EC green paper on consolidating contract law, is based on the findings of academics without enough input from practitioners. She also raised concerns that the green paper drafting process and the feasibility study did not pay enough attention to lawyers from common law systems. The Law Society, Ms Lee asserted, feels a second legal system for contract law would be confusing for businesses and consumers. "It will not be possible to ensure uniform application of a new, untested legal system and national divergences will continue," she added. "Cross-border contracts and their performance can be linked to many different areas of law, including tort law and property law, which would still need to be governed by the laws of a member state." In its submission to the EC's green paper, the City of London Law Society said the plans to consolidate contract law would harm British businesses. Posted by Georgina Price 
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