DEBT RECOVERY
April 1st, 2002
Keith NuthallIN a groundbreaking legal move, the European Commission has proposed a regulation that would force courts and other judicial authorities across the EU to recognise an uncontested order secured by a creditor, for the recovery of owed money held in another Member State.It is the first legislation framed by the Commission under a broad policy to promote the mutual recognition of legal decisions made in all EU countries.In this instance, a creditor would be able to secure a European Enforcement Order to claim money owed, either where a debtor has ...
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