MEPs approved new procedures for resolving uncontested debts across EU borders this week. The new European Order for Payment procedure is intended to benefit individuals and businesses alike.
At the moment, debt claims can only be pursued using national legal systems, with the claim dealt with in the jurisdiction of the defendant debtor. This creates problems for claimants, who sometimes have to make claims in a foreign country. The new procedure, approved by the European Parliament on Tuesday and by Member States at the Justice and Home Affairs Council on 2nd December, should make debt collection easier. The European Order for Payment (EOP) sets out a uniform procedure to obtain a judgment that will be automatically recognised in all EU countries. It will only apply to uncontested claims. If the debt itself is contested, it will still need to be adjudicated by civil court processes. Another new procedure, the European Small Claims Procedure (ESCP), is intended to help claimants in contested matters. "This is a pragmatic and practical piece of EU law,” said Arlene McCarthy MEP, Rapporteur for the Order for Payment. “Our goal is giving business and consumers a simple and affordable system to recover monies owed to them by companies or individuals in other Member States."
The recent launch of a new engineering contract (NEC) for construction and engineering projects in Singapore will encourage Singapore’s construction industry to adopt a collaborative approach to risk management, construction law experts have said.
A recent UK Supreme Court ruling clearly sets out the parameters of the law of private nuisance claims in the context of Japanese knotweed, clarifying the nature and extent of evidence needed to enable a claim to succeed, an expert has said.
The UK government has said it expects to set out new sustainability reporting standards, aligned to international standards, early next year, paving the way for new regulatory obligations to be imposed on UK-listed companies in the first instance.
We use cookies that are essential for our site to work. To improve our site, we would like to use additional cookies to help us understand how visitors use it, measure traffic to our site from social media platforms and to personalise your experience. Some of the cookies that we use are provided by third parties. To accept all cookies click ‘accept all’. To reject all optional cookies click ‘reject all’. To choose which optional cookies to allow click ‘cookie settings’. This tool uses a cookie to remember your choices.
Please visit our cookie policy for more information.
We are processing your request. \n Thank you for your patience.An error occurred. This could be due to inactivity on the page - please try again.