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Debt recovery across EU to be streamlined       

09/12/2005

Businesses across the EU are to benefit from a new European Order for Payment procedure, already agreed at the European Parliament.

The change follows agreement among Member States at the Justice and Home Affairs Council in December as part of the UK Presidency of the EU.

 

The Order for Payment will make it easier to obtain judgments on uncontested claims by providing a uniform EU wide procedure and ensuring that these judgments will be automatically recognised throughout the EU.

Welcoming the vote agreeing the draft Regulation creating the Order, Civil Justice Minister Baroness Ashton commented: “The Order for Payment has been at the centre of our Presidency aim to develop civil justice issues and deliver for Europe’s businesses and citizens.

"I am delighted that the Presidency and the Parliament have been able to reach agreement today. Until now, it has been time-consuming and expensive to resolve uncontested debts across EU borders.

 

"The Order for Payment will make it easier and speedier for individuals and companies to recover those debts and so help the internal market grow further”.

 

Source: RedAlert

 

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