Examples of using Differences in contract law in English and their translations into Slovenian
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Reduce costs resulting from differences in contract law.
The differences in contract law between the various Member States are slowing down SMEs wishing to carry out cross-border transactions.
The expert group reportpublished today shows that some of these problems stem from differences in contract law.
Differences in contract law between Member States hinder traders and consumers who want to engage in cross-border trade within the internal market.
The current legal framework in the EU is characterised by differences in contract laws between the Member States.
Differences in contract law between Member States(MS) may hinder cross-border trade in the EU, by dissuading business and consumers from cross-border transactions.
The value of the trade foregone by those who are dissuaded due to differences in contract law amounts to some tens of billions of euros.
Differences in contract law may hinder cross-border trade for both small- and medium-sized companies and consumers buying across borders as well as for some insurance companies.
The value of the tradeforegone each year between Member States due to differences in contract law alone amounts to tens of billions of Euros.
If the contribution of removing differences in contract law were to be about 1 percentage point of this positive effect, the increase in intra-EU trade would be of the order of magnitude of €30 bn.
Indeed, the more countries they export to,the greater the importance traders attach to differences in contract law as a barrier to trade.
Reducing costs resulting from differences in contract law: The proposals will make sure that the key consumer contract law rules on faulty goods and digital content will be the same in all Member States;
The value of the tradeforegone each year between Member States due to differences in contract law alone amounts to tens of billions of Euros.
However, when consumers try to place orders with a business from another Member State, they are often faced with the business practice ofrefusal to sell which is often due to differences in contract law.
Access to justice should become a reality,consumer rights have to be enforced and differences in contract law between Member States have to be tackled.
Additional transaction costs stemming from differences in contract law hinder cross-border trade: The need to apply different foreign contract laws generates additional transaction costs compared to domestic trade.
By eliminating the key contract law-related barriers hindering cross-border trade, the rules put forward in the proposals will reduce the uncertainty faced by businesses and consumers due to the complexity of the legal framework andthe costs incurred by businesses resulting from differences in contract law.
The Strategy also highlighted the need to reduce transaction costs andother burdens caused by differences in contract law between Member States and to reduce VAT related administrative burden.
Thus, differences in contract law and the additional transaction costs and complexity that they generate in cross-border transactions dissuade a considerable number of traders, in particular SME, from expanding into markets of other Member States.
Laboratorium Kosmetyczne Dr Irena Eris, a medium-sized Polish company trading in cosmetics,feels that differences in contract laws create considerable costs and are an important barrier for its sales to Romania.
These differences in contract law discourage companies, and small and medium-sized enterprises(SMEs) in particular, from dedicating themselves to cross-border trade, thus preventing them from accessing the new opportunities and income offered by the Internal Market.
Within this framework, Mrs Wallis's report is a move in the right direction:it refers to the adverse impact which differences in contract law within the Internal Market are having both on consumers and on businesses, and to the benefits to the Internal Market of an improved contract law framework.
With regard to the scope of application, the Commission expressly limited this to contract law terms in a business to consumer interaction, because as mentioned in the Impact Assessment(IA, p. 23)there is no evidence to suggest that the differences in contract law hinder EU businesses from buying online from other Member States.
The report finds that differences in contract laws impede the cross-border supply of insurance products by increasing costs, creating legal uncertainty and making it hard for consumers and businesses to take out insurance in other EU Member States.
Barriers are created inter alia by differences in tax regulations, administrative requirements, difficulties in delivery, different language and culture, low level of broadband penetration, data protection requirements, design, territorial limitations of intellectual property,and payment facilities and differences in contract laws.
The Commission's approach tackles the problems that differences in contract law pose for consumers and traders in the manner most respectful of the principles of proportionality and subsidiarity, when compared to other possible solutions analysed.
Immediate action is therefore required to break downbarriers to cross-border online activity including differences in contract and copyright law between Member States and reducing VAT related burden.
We have seen that Internal Market failures are due,in part, to the differences in national contract law.