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Member, Beacon International Group, Ltd.
BRUSSELSThe European Commission has launched a review of its consumer protection rules that encompasses all consumer contract law apart from certain rules in sector-specific legislation.
The Commission said that it felt it was time to review the rules mainly because of the rise of the internet and electronic trade. It believes that a lack of consumer confidence and complex and unclear rules are holding consumer and business back from "seizing the potential" of the Web, particularly with cross-border trades from state to state.The Green Paper asks whether each of the major consumer directives should be tackled one by one or whether a cross-sector approach should be taken. It also asks to what extent the legislation should be harmonised throughout the E.U.