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Preservation of bank accounts

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Current fragmentation of national rules on enforcement severely hampers debt collection within the EU. Creditors seeking to enforce a civil court order in another EU country are confronted with different legal systems, procedural requirements and language barriers which entail additional costs and delays. Regulation 655/2014 establishing a European Account Preservation Order procedure ("EAPO") establishes a new uniform European procedure for the preserving of bank accounts, which will allow creditors to preserve the amount owed in a debtor's bank account located in the EU.

The link address is: http://ec.europa.eu/justice/civil/commercial/freeze-accounts/index_en.htm

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