The purpose of the proposal for a Rome I Regulation is to modernise the Rome Convention of 1980, which already harmonises the rules governing the law applicable to contractual disputes in the internal market. The aim of the initiative is to modernise the rules governing the law applicable to most contracts concluded by individuals or firms in Europe which contain an international element. The point is to ensure that the courts in all the Member States apply the same law to a dispute concerning an international contract, which is a condition for the mutual recognition of judgments in the European Union. Lees hier meer