ASSET FREEZE
August 1st, 2001
BY KEITH NUTHALLTHE EUROPEAN Union has taken clear steps towards the adoption of a law, which would compel the freezing of assets in any of its member countries because of a court order issued in any other EU state. This regulation covers "the transfer of property to be used as evidence, for the purpose of confiscation or for restitution to the victim of an offence."In an important recent amendment agreed by the citizens' rights committee of the European Parliament, the asset-freezing order would apply not only to drug trafficking, EU budget fraud, ...
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