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The European Account Preservation Order: A Commentary on Regulation (EU) No 655/2014

Edited by: Elena D’Alessandro, Fernando Gascón Inchausti

ISBN13: 9781800880290
Published: June 2022
Publisher: Edward Elgar Publishing Limited
Country of Publication: UK
Format: Hardback
Price: £203.00



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This comprehensive Commentary provides article-by-article exploration of EU Regulation 655/2014, analysing and outlining in a straightforward manner the steps that lawyers, businesses and banks can take when involved in debt recovery. It offers a detailed discussion of national practice and legislation in order to provide context and a deeper understanding of the complex difficulties surrounding the procedural system created by the European Account Preservation Order (EAPO) Regulation.

Aiming to offer a practical and comprehensive overview of the EAPO Regulation, this book highlights its strengths and potential to increase the efficiency of cross-border debt recovery within the European judicial area. D’Alessandro and Gascón Inchausti examine the descriptive and analytical literature focusing on the EAPO Regulation, while also considering available reports and national case law databases. The book also takes into account the interplay between the EAPO Regulation and the other instruments of the European Law of Civil Procedure, and provides analysis of the case law of the Court of Justice of the European Union and national courts.

Key Features:

  • Article-by-article commentary and analysis
  • Practical direction in the field of cross-border debt recovery
  • Detailed discussion of national practice within the EU
  • A contextual approach

Offering a clear and direct way to address the issues and solutions surrounding EAPO Regulation, this comprehensive book will be an ideal companion for legal practitioners specializing in debt recovery as well as students interested in European law and finance.

Subjects:
EU Law
Contents:
Preface
General introduction
Elena D’Alessandro and Fernando Gascón Inchausti
PART I: SUBJECT MATTER, SCOPE AND DEFINITIONS
1. Subject matter
Marcin Walasik
2. Scope
Marcin Walasik
3. Cross-border cases
Marcin Walasik
4. Definitions
Mara Luisa Villamarín López
PART II: PROCEDURE FOR OBTAINING A PRESERVATION ORDER
5. Availability
Elisabetta Silvestri
6. Jurisdiction
Pietro Franzina
7. Conditions for issuing a preservation order
Elisabetta Silvestri
8. Application for a Preservation Order
Katharina Lugani
9. Taking of evidence
Elisabetta Silvestri
10. Initiation of proceedings on the substance of the matter
Fernando Gascón Inchausti
11. Ex parte procedure
Fernando Gascón Inchausti
12. Security to be provided by the creditor
Pilar Peiteado Mariscal
13. Liability of the creditor
Pietro Franzina and Caterina Benini
14. Request for the obtaining of account information
Carlos Santaló Goris
15. Interest and costs
Guillaume Payan
16. Parallel applications
Pilar Peiteado Mariscal
17. Decision on the application for the preservation order
Guillaume Payan
18. Time-limits for the decision on the application for a preservation order
Guillaume Payan
19. Form and content of the Preservation Order
Guillermo Schumann Barragán
20. Duration of the preservation
Guillermo Schumann Barragán
21. Appeal against a refusal to issue the Preservation Order
Enrique Vallines García
PART III: RECOGNITION, ENFORCEABILITY AND ENFORCEMENT OF THE PRESERVATION ORDER
22. Recognition and enforceability
Elena D’Alessandro
23. Enforcement of the Preservation Order
Elena D’Alessandro
24. Implementation of the Preservation Order
Elena Alina Onţanu
25. Declaration concerning the preservation funds
Katharina Lugani
26. Liability of the bank
Pietro Franzina and Caterina Benini
27. Duty of the creditor to request the release of over-preserved amounts
Elena Alina Onţanu
28. Service on the debtor
Fernando Gascón Inchausti
29. Transmission of documents
Guillermo Schumann Barragán
30. Preservation of joint and nominee accounts
María Luisa Villamarín López
31. Amounts exempt from preservation
María Luisa Villamarín López
32. Ranking of the Preservation Order
María Luisa Villamarín López
PART IV: REMEDIES
33. Remedies of the debtor against the Preservation Order
María Luisa Villamarín López
34. Remedies of the debtor against enforcement of the Preservation Order
María Luisa Villamarín López
35. Other Remedies Available to the Debtor and the Creditor
Katharina Lugani
36. Procedure for the remedies pursuant to Articles 33, 34 and 35
Silvana Dalla Bontà
37. Right to appeal
Silvana Dalla Bontà
38. Right to provide security in lieu of preservation
Carlos Santaló Goris
39. Right of third parties
Elena D’Alessandro
PART V: GENERAL PROVISIONS
40. Legalization or other similar formality
Martina Mantovani
41. Legal representation
Guillaume Payan
42. Court fees
Guillermo Schumann Barragán
43. Costs incurred by the banks
Carlos Santaló Goris
44. Fees charged by authorities
Guillermo Schumann Barragán
45. Time frames
Guillermo Schumann Barragán
46. Relationship with national procedural law
Elena D’Alessandro
47. Data protection
Martina Mantovani
48. Relationship with other instruments
Guillermo Schumann Barragán
49. Languages
Carlos Santaló Goris
50. Information to be provided by Member States
51. Establishment and subsequent amendment of the forms
52. Committee procedure
53. Monitoring and review
54. Entry into force
Pilar Peiteado Mariscal
Annex I
References