Download or read book Creation and Acceptance of Uniform Private Law in Europe written by Ulrich G. Schroeter and published by . This book was released on 2010 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present article (written in German) discusses whether legal instruments creating uniform private law - either by way of a Convention (a treaty under public international law) or in some other form - should preferably be designed as quot;opt inquot; instruments (meaning that the uniform law text will only apply if the parties to a contract provide for its application by way of a choice-of-law clause), or rather as quot;opt outquot; instruments (meaning that the text will apply ipso iure, provided the parties to the contract have not opted out of its application). This discussion, which has been going on for decades, has in recent years gained new impetus because of the current preparations for an quot;optional instrumentquot; to (potentially) be enacted by the European Union at some time in the future. The present study suggests a new approach to this question by adopting an institutional economics perspective and drawing on the practical experiences made with the United Nations Convention on Contracts for the International Sale of Goods of 1980 (CISG): This Convention, which ranks as the most successful uniform private law instrument in history, is designed as an quot;opt outquot; instrument. By focusing on the interest that various groups (companies, their lawyers, judges and arbitrators, States) have demonstrated with respect to the possibility to opt out of the CISG, the article tries to outline which preferences these groups have when it comes to an opt in or opt out design of a future European Contract Law (the quot;optional instrumentquot;), and makes suggestions for a design that would be accepted by a majority of players.