1. SourceE-justice portal2. PresentationOn 27 June 2014 was published in the Official Journal of the European Union, the Regulation (EU) no 655/2014 of the European Parliament and of the Council of 15 May 2014 establishing a European Account Preservation Order procedure to facilitate cross-border debt recovery in civil and commercial matters.
This Regulation entered into force on the 18th of January 2017 in the Member States, except Denmark, Ireland and the United Kingdom.
Before this Regulation, procedural rules concerning enforcement were exclusively dealt with by the domestic laws of the Member States of the European Union.
The regulation concerning cross-border debt collection establishes a European Account Preservation Order Procedure, which is autonomous and with this Regulation is created a real shared enforcement area which signs the beginning of the European Judicial Law.