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Civil Justice

Debt recovery made faster, cheaper and more efficient

Today, new rules on the European Account Preservation Order (the EAPO) enter into force in the European Union. Thanks to the EAPO, businesses and citizens will be able to recover millions in cross-border debts by requesting that the amount owed to them be blocked on the debtor's bank accounts

Commission proposes new approach to business insolvency in Europe

The European Commission is for the first time presenting a set of European rules on business insolvency today. Well-functioning insolvency and restructuring systems are key to supporting economic growth. This initiative aims to enhance the "rescue culture" in the EU. It will allow companies in financial difficulties to restructure early on so as to prevent bankruptcy and avoid laying off staff. At the same time it provides rules on giving honest entrepreneurs a second chance of doing business after a bankruptcy.