Orders for payment in the EU: National procedures and the European Order for Payment
Briefing
04-12-2013
Every year, 1 million small businesses in the EU face problems with collecting cross-border debts, and as much as €600 million in cross-border claims are never satisfied. Domestic orders for payment, which exist in many Member States, are an effective tool for the collection of domestic debts, but often are not practical for cross-border use. Therefore, in order to supplement the existing national measures, the EU legislature has created a European Order for Payment procedure which is available for cross-border claims for money, especially arising from a contract.
Briefing
About this document
Publication type
Author
Policy area
Keyword
- accounting
- appeal
- application of EU law
- BUSINESS AND COMPETITION
- civil law
- civil procedure
- civil proceedings
- claim
- cooperation policy
- debt
- European construction
- European judicial area
- EUROPEAN UNION
- European Union law
- INTERNATIONAL RELATIONS
- intra-EU trade
- judicial cooperation in civil matters in the EU
- justice
- LAW
- payment
- right of action
- TRADE
- trade policy