Since the publication of the first edition of this work there have been many important developments in EC and EU law. The intervening years have seen the Intergovernmental Conference leading to the revision now encapsulated in the Amsterdam Treaty. There has also been much important Community legislation. The European Court of Justice has produced a number of seminal judgments in areas as diverse as state liability in damages, indirect effect, equality and standing to challenge the legality of Community action. The second edition of this text has been revised to take account of these developments, as well as including some of the innovative secondary literature which has been written since the publication of the first edition. It preserves the same structure as the first edition and includes a new chapter on capital and EMU, ensuring that students of EU law have comprehensive and up to date text and materials for their study of this fast moving area of law.