Counsel Magazine

At the end of 2008, the JHA Council adopted a report on the Common Frame of Reference for European contract law (“CFR”), reiterating its April 2008 position that the CFR would be a non-binding legal instrument, shaped as a set of guidelines to be used by lawmakers at Community level, on a voluntary basis, as a common source of inspiration or reference in the lawmaking process. See:
http://register.consilium.europa.eu/pdf/en/08/st15/st15306.en08.pdf
The European Commission is expected to issue a White Paper in 2009 setting out its plans, including what it is keeping of the Academic CFR, finalised in 2008.