Third Roundtable of the Economic Impact Group

What is the optimal remedy for contractual breach in European Contract Law? Do we need a duty of good faith in European Contract Law and what is the optimal design for such rule? What are the limits of non-contractual liability? These were the main topics discussed at
the Third Roundtable of the Economic Impact Group (EIG) of the CoPECL network. After Brussels and Barcelona, this third meeting of the group took place on 23 June in Venice. There, Filomena Chirico, Gerrit de Geest and Pierre Larouche presented their thoughts on the abovementioned topics and collected reactions and input from the law and economics experts composing the EIG. The work of the EIG, coordinated by TILEC, as well as the CoPECL project itself, are currently being finalised and in the coming weeks recommendations based on EIG's economic analysis will be supplied to the groups drafting the Common Frame of Reference for European Contract Law. The final results will form the basis for the revision of the existing EC legislation by the EU institutions and will be proposed as a model law for EC and national law-makers.