EUROPEAN ORDER FOR PAYMENT PROCEDURE Cover Image

EUROPEAN ORDER FOR PAYMENT PROCEDURE
EUROPEAN ORDER FOR PAYMENT PROCEDURE

Author(s): Zorica Stoileva
Subject(s): Economy, Political economy, EU-Legislation, Commercial Law
Published by: University of Tetova
Keywords: cross-border enforcement;uncontested;pecuniary;claims;

Summary/Abstract: The proper functioning of the EU internal market requires measures that eliminate the obstacles related to cross-border enforcement of decisions in civil and commercial matters. This is especially important when the decisions are product of litigation in cross-border cases concerning uncontested pecuniary claims. In these situations, the need for efficient and effective enforcement of creditors' claims is undeniable. For this reason, in order to accelerate the movement of European orders for payments within the EU territory, in 2006, the European Parliament and the European Council introduced the European order for payment procedure. This happened with the adoption of Regulation 1896/2006 as an instrument of secondary EU law which should help free circulation of European orders for payment and bypassing the exequatur procedure. The ambition of this procedure is to simplify, accelerate and reduce the costs of the national civil litigations in cross-border cases concerning uncontested pecuniary claims, hence the study of this procedure as an alternative procedure for national enforcement procedures is a real challenge.

  • Issue Year: 6/2018
  • Issue No: 09
  • Page Range: 119 - 125
  • Page Count: 7
  • Language: English
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