Summary
This report reviews the effectiveness of the European Order for Payment Procedure in recovering cross-border debts. It calls for improvements in digitalization, language accessibility, and faster processing times across EU Member States. 10 01.12.2016
Other
finance
civil law
european union
administrative law
legislative procedure
business and competition
information technology and data processing
Key points
- The procedure is intended to provide a fast and inexpensive way for creditors to recover certain, fixed-amount, uncontested debts across EU borders.
- The Commission has failed to meet its obligation to provide timely reviews of how the regulation is being implemented.
- There is a significant variation in how different Member States use and implement this procedure, which limits its overall effectiveness.
- The Parliament calls for increased awareness campaigns to help businesses and legal professionals understand the benefits of this tool.
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