How should the UK approach the EU proposal to create a European Asset Preservation Order?
Reference number: CP 14/2011
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.
What Happens Next
A summary of the responses received and the comments made to the consultation by professional and representative bodies, legal practitioners, members of the judiciary or judicial representative bodies, academics and other Government Departments, which helped shape the Government’s opt-in decision