How should the UK approach the EU proposal to create a European Asset Preservation Order?
Reference number: CP 14/2011
Open date: 03 August 2011
Close date: 14 September 2011
The European Commission has published a proposed Regulation creating a European Account Preservation Order (EAPO) to facilitate cross-border debt recovery in civil and commercial matters.
The proposal will provide an alternative to existing domestic freezing orders in cross-border cases.
This consultation paper seeks views on the proposal including whether it is in the UK’s national interests to be a party to this Regulation, i.e. whether the UK should opt in to the proposal or not and/or be party to the forthcoming negotiations.