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The first volume of this annual review demonstrates how far the European Community has moved towards its goal of a common market. Far-reaching changes have taken place in the last year and, despite popular misconceptions, change is happening all the time: Member States are under a continuing obligation to implement internal market legislation into their domestic law. For each major area of the law, there is an overview of what has recently been introduced and what is expected in the near future.;The book is divided into four sections, and chapters have been prepared by leading experts who have been involved either in the preparation, or implementation, of European Community Law. At the same time, the international ramifications are addressed so that the critical problems are studied from an external as well as an internal perspective.;The chapters were originally presented at a conference and have since been updated and substantially revised for publication. They are intended to be of use to company lawyers, legal advisers and international attorneys with professional interests in European business law and practice.