Rights of Withdrawal
31 Pages Posted: 27 Feb 2009
Date Written: February 27, 2009
On 8 October 2008 the European Commission adopted the Proposal for a Directive on Consumer Rights. This framework-directive is intended to be the climax of the work on the revision of the consumer acquis. It builds in particular on the Green Paper on the Review of the consumer acquis and the more than 300 reactions the Commission received on the Green Paper. In the Green Paper, the European Commission drew the attention to, amongst other things, the regulation of the various rights of withdrawal, which are included in several directives, and the requirements for invoking these rights. This paper examines whether the harmonisation effort undertaken is successful, whether the right choices are made in the Proposal, and whether, as the European Commission indicates, the right balance between a high level of consumer protection and the competitiveness of enterprises is indeed achieved.
Keywords: European contract law, consumer law, right of withdrawal
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