| Author (Person) | Mahony, Honor |
|---|---|
| Series Title | EUObserver |
| Series Details | 25.7.11 |
| Publication Date | 25/07/2011 |
| Content Type | News |
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The European Commission has launched a legislative proposal in July 2011 that would establish a new European Account Preservation Order that would allow creditors to preserve the amount owed in a debtor's bank account. This order can be of crucial importance in debt recovery proceedings because it would prevent debtors from removing or dissipating their assets during the time it takes to obtain and enforce a judgment on the merits. This will raise the prospects of successfully recovering cross-border debt. |
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| Source Link | Link to Main Source http://euobserver.com/9/32652 |
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| Subject Categories | Business and Industry, Justice and Home Affairs |
| Countries / Regions | Europe |
