About the company > News and mailing > Jurisdictions news > New EU Regulation establishing European Account Preservation Order procedure

New EU Regulation establishing European Account Preservation Order procedure


				23.01.2017
						

The provisions of the EU Regulation establishing the new European Account Preservation Orders (Regulation No. 655/2014) came into force on 18 January 2017.

Under the new rules, creditors domiciled in participating EU Member States are able to apply to freeze funds in a debtor's bank account in any other participating Member State using a single application form. The regulation EAPO establishes a new uniform European procedure for the preserving of bank accounts, which allow creditors to preserve the amount owed in a debtor's bank account located in the EU.

An important element of the Regulation which will make it easier for creditors to recover their claims is an access to information about bank accounts. If the creditor does not know with which bank the debtor holds an account in a certain Member State, he may use a special procedure for obtaining information about the account of the debtor.

Source:http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:L:2014:189:FULL&from=EN

Back to the list

Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us: london@hbcomp.co.uk


News

10/06/2025 17:36:00

Turkey cancels fake "golden" passport

Turkish law enforcement agencies have eliminated an organized crimi ...

Read more

10/01/2025 17:37:00

TOP 10 safest countries in the world in 2025

CS Global Partners consulting company has published a rating of th ...

Read more

09/29/2025 17:42:00

UBS Bank is considering moving to the USA

Switzerland's largest bank, UBS, may move to the United States amid ...

Read more