1.3.2. Substantive Approach

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The manner in which the freedoms limit the conflicts autonomy of Member States

is most clearly visible in respect of the application of mandatory rules of law. The

international scope of such rules of law is determined by reference to their function

and the interest the regulating Member State has by its application. Where it concerns

the application of a rule to a legal relationship entered into in the exercise of one of

the freedoms, a Member State is not free in this determination. In its conflicts decision

whether or not to apply a rule of mandatory law the requirements of (Community law,

in particular those regarding the functioning of the internal market, will have to be

complied with. A good illustration may be found in the case Alpine Investments."

The case concerned a Dutch prohibition on the sales-technique of so-called 'cold

calling', the unsolicited phoning of and offering services to potential customers, for

the financial sector in futures trading. The prohibition not only applied to the calling

of Dutch consumers but also consumers in other Member States. The Dutch company

Alpine Investments B.V. objected to this measure arguing inter alia that the prohibition

was contrary to the free movement of services, as it was prevented from approaching

potential customers in other Member States. The Court held that the Dutch measure

resulted in an obstacle to the free movement of services as guaranteed by Article 49

EC. Accordingly, the prohibition could be applied lawfully only if and to the extent

it was necessary for the protection of a mandatory requirement of the public interest.''

The Dutch government argued that the measure was necessary both for the protection

of the good reputation of the Dutch financial market as well as for the protection of

the investing public. According to the Court the protection of consumers in other

Member States was not as such a matter for the Netherlands. However, the Court

accepted the protection of the reputation of the Dutch financial market as an overriding interest' and that the extraterritorial application of the prohibition was

necessary and proportionate to that aim.1'

The Dutch measure concerned a mandatory rule of law, the international scope of

which depended on its substance and function. In Alpine Investmcnis ihc measure was

applied to a cross-border transaction - the making of an offer - in the exercise of the

free movement of services. The application of the Dutch measures was therefore

subject to the strict requirements of Community law. If the Court had not accepted

the justification submitted by the Dutch government, the prohibition could not have

been lawfully applied and its international scope would as a matter of fact have been

restricted. True, the Netherlands would have remained free to resolve the conflict with

Article 49 EC by adjusting the substance of the norm rather than its (international)

scope. However, this possibility does nothing to change the fact that by holding the

application of a measure unlawful the conflicts process underlying the applicability

of the measure in the first place is left ineffective and in need of modification.'"