Have the PECL Been a Success or a Failure? - European Review of Private Law View Have the PECL Been a Success or a Failure? by - European Review of Private Law Have the PECL Been a Success or a Failure? 17 3

The article treats the impact of the Principles of European Contract Law (PECL), which were published in 2000 and 2003. They have had a considerable influence on law reforms in various European Countries, and has prompted the Commission of the EC to sponsor the bringing about of a Common Frame of Reference which is being prepared by the Study Group of a European Civil Code and other groups, and which is intended to operate as soft law. However, the author’s ambition that the PECL would bring about a binding European Civil Code of Contract applicable in the European Union and replacing the national laws will probably not be realised for a long time to come.

European Review of Private Law