Competent Authorities Relating to the Issue of a European Bank Preservation Order Cover Image
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Компетентни органи във връзка с издаване на европейска заповед за запор на банкови сметки по трансгранични дела
Competent Authorities Relating to the Issue of a European Bank Preservation Order

Author(s): Radostina Nikodimova
Subject(s): Law, Constitution, Jurisprudence, Civil Law, International Law, EU-Legislation, Commercial Law, Court case
Published by: Пловдивски университет »Паисий Хилендарски«
Keywords: Cross-border debt recovery in civil and commercial matters; European Account Preservation Order; bank accounts; Competent authority
Summary/Abstract: The European Bank Preservation Order, еstablished by Regulation (EU) No 655/2014, as an alternative to existing legal procedures in each EU Member State. The procedure facilitates EU debt collection and serves as an additional safeguard in cross-border debt recovery in civil and commercial matters. This statement aims to guide finding the competent authorities for issuing a European Bank Account Preservation Order. Competent authorities under the procedure for implementing Regulation (EU) No 655/2014 can be distinguished in several directions: I. Competent authorities for issuing of the preservation order; II. Competent enforcement authorities; III. Courts or enforcement authorities competent to provide remedies;IV. Competent authorities with which an appeal is to be lodged; V. Others.