1 . 4 . R E G U L A T O R Y I N T E R E ST

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Where the application of a rule of law to cross-border transactions - and thus the

application of a rule of private international law underlying the applicability of that

substantive norm - results in an obstacle to intra-Community trade, Member States

are not precluded from taking such a measure. However, a Member State is allowed

to take that measure only if justified as being necessary and proportionate for the

protection ot an interest taking precedence over the freedoms. Consequently, within

the scope ot Community law not every (national) interest will be capable of justifying

the application of a rule of private international law to cross-border transactions. Only

those interests provided for in the EC Treaty or those recognised by the Court as taking

precedence over the freedoms may do so.