Home New debt recovery rules enter into force

New debt recovery rules enter into force

Businesses, particularly small and medium-sized enterprises (SMEs), will be able to benefit from new EU rules to recover debt from debtors in other EU countries which came into force on Wednesday. About 600 million Euros are lost every year due to long and costly legal procedures preventing companies to recover money they are owed outside their home country. The proposed European Account Preservation Order (EAPO) can help companies by offering them a simple and cost-effective way to block funds that are owed.

Unpaid bills can seriously affect the bottom line of a company, says the EU’s Commissioner for Justice and Consumers Vera Jourova: «As a former entrepreneur, I know that Particularly small businesses often cannot afford the legal support necessary to bring back the money they are owed».

«Thanks to the European Account Preservation Order, businesses and citizens will be able to recover millions in cross-border debts by requesting that the amount owed to them is blocked on the debtor’s bank accounts»…

Read more : EUBusiness, 18.01.2017

Este artículo no admite comentarios
Artículos relacionados
GEAB
15 Ene 2022

Inversiones, tendencias y recomendaciones (ene)

#economia #finanzas #inversiones

Inversiones - La voz de la razón A la vista de nuestro catálogo de tendencias y de todos los puntos de incertidumbre que hemos identificado, les instamos a desconfiar de [...]

GEAB
15 Ene 2022

Cambio sistémico: De Made in China a Powered by China

#China #economia

La economía china se debilitó aún más en agosto de 2021 después de que un nuevo brote de Covid-19 frenara el gasto de los consumidores. Para relanzar la economía tras [...]

GEAB
15 Ene 2022

Web3: Meta no es el futuro de los metaversos

#GAFAM #metaverso #technología

Entre la película Ready Player One y los ruidosos anuncios del cambio de nombre de Facebook a Meta, el dócil público que somos podría acabar imaginando un futuro próximo en [...]