Freezing Bank Accounts Across Europe (and Beyond)
Date: 01 December 2016
Time: 09:00
Duration: 2 days, 10 hours
Location: Metzer Allee 4, 54295 Trier
Cost: 372 EUR minimum price
Organiser: Academy of European Law
Web Link: https://www.era.int/cgi-bin/cms?_SID=2476d6407a3979e56c83899a2ac30388a61998d200501727550780&_sprache=en&_bereich=artikel&_aktion=detail&idartikel=126282&idrubrik=1024
Description:
Objectives
The new Regulation (EU) 655/2014 establishing a European Account Preservation Order (EAPO) which will be applied from 18 January 2017 will facilitate direct cross-border enforcement of monetary claims by allowing creditors to freeze monies in a defendant’s bank account across Europe. This seminar will provide lawyers with an analysis of the new legislation (and implementation in the Member States) and assess its practical implications for commercial parties, including banks. It will include a discussion on the similarities and differences between the EAPO and (worldwide) freezing orders.
Key topics
- The EAPO and its interplay with other EU Regulations and national law;
- Obligations of the banks operating in the Member States Scope and procedure for obtaining an EAPO;
- Enforcing and resisting enforcement of an EAPO;
- Maintaining surprise vs protecting the debtor EAPO, US and UK (worldwide) freezing orders.
Who should attend?
Lawyers in private practice dealing with civil litigation, cross-border debt recovery and dispute resolution; banking lawyers; business and company lawyers; in-house counsel; representatives of banking and business organisations.
