European Union Regulation on Applicable Law to Contractual Obligations
VerifiedAI Summary
This article discusses the European Union regulation on applicable law to contractual obligations and its impact on commercial law. It explores the Rome 1 Regulation and its contribution to certainty in the law applicable to contracts. The article also highlights the need for a proper functioning internal market and the role of mutual recognition of judgments. It further delves into the legislation and regulations governing cross-border services and emphasizes the importance of judicial cooperation in civil matters.