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European Commission sets out plans for 28th contract regime

31 October 2011 | Paul Gershlick

The European Commission has set out its plans for the 28th contract law regime. Rather than replace national contract laws, the 28th regime would work as an alternative to a Member State’s contract laws....

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Government consults on EU proposals to change contract law

24 August 2010 | Mark Weston

The Government is consulting on European Union proposals to reform and harmonise contract law across the EU. The details of the EU’s suggestions were reported here: http://www.mablaw.com/2010/07/european-commission-consults-on-new-eu-wide-contract-law/....

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0.5% over base rate of interest is too low so statutory rate applies – Yuanda v WW Gear, High Court

16 June 2010 | Paul Gershlick | 2 comments

The parties entered into a construction contract which was based on the industry-standard JCT contract, but with some terms varied. Instead of interest on late payments applying at 5% above base rate as...

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