European Account Preservation Order

Edited by Elena D’Alessandro, University of Turin, Italy and Fernando Gascón Inchausti, Professor and Chair in Procedural Law, Complutense University of Madrid, Spain

• Contents:Preface xxiiGeneral introduction 1Elena D’Alessandro and Fernando Gascón InchaustiPART I SUBJECT MATTER, SCOPE AND DEFINITIONS1 Subject matter 7Marcin Walasik2 Scope 17Marcin Walasik3 Cross-border cases 35Marcin Walasik4 Definitions 49Mar.a Luisa Villamarín LópezPART II PROCEDURE FOR OBTAINING A PRESERVATION ORDER5 Availability 63Elisabetta Silvestri6 Jurisdiction 69Pietro Franzina7 Conditions for issuing a preservation order 80Elisabetta Silvestri8 Application for a Preservation Order 84Katharina Lugani9 Taking of evidence 96Elisabetta Silvestri10 Initiation of proceedings on the substance of the matter 100Fernando Gascón Inchausti11 Ex parte procedure 112Fernando Gascón Inchausti12 Security to be provided by the creditor 118Pilar Peiteado Mariscal13 Liability of the creditor 130Pietro Franzina and Caterina Benini14 Request for the obtaining of account information 144Carlos Santaló Goris15 Interest and costs 159Guillaume Payan16 Parallel applications 164Pilar Peiteado Mariscal17 Decision on the application for the preservation order 175Guillaume Payan18 Time-limits for the decision on the application for a preservation order 185Guillaume Payan19 Form and content of the Preservation Order 193Guillermo Schumann Barragán20 Duration of the preservation 200Guillermo Schumann Barragán21 Appeal against a refusal to issue the Preservation Order 206Enrique Vallines GarcíaPART III RECOGNITION, ENFORCEABILITY AND ENFORCEMENT OF THEPRESERVATION ORDER22 Recognition and enforceability 218Elena D’Alessandro23 Enforcement of the Preservation Order 224Elena D’Alessandro24 Implementation of the Preservation Order 230Elena Alina Onţanu25 Declaration concerning the preservation funds 245Katharina Lugani26 Liability of the bank 251Pietro Franzina and Caterina Benini27 Duty of the creditor to request the release of over-preserved amounts 257Elena Alina Onţanu28 Service on the debtor 265Fernando Gascón Inchausti29 Transmission of documents 274Guillermo Schumann Barragán30 Preservation of joint and nominee accounts 279María Luisa Villamarín López31 Amounts exempt from preservation 286María Luisa Villamarín López32 Ranking of the Preservation Order 293María Luisa Villamarín LópezPART IV REMEDIES33 Remedies of the debtor against the Preservation Order 299María Luisa Villamarín López34 Remedies of the debtor against enforcement of the Preservation Order 308María Luisa Villamarín López35 Other Remedies Available to the Debtor and the Creditor 316Katharina Lugani36 Procedure for the remedies pursuant to Articles 33, 34 and 35 319Silvana Dalla Bontà37 Right to appeal 331Silvana Dalla Bontà38 Right to provide security in lieu of preservation 339Carlos Santaló Goris39 Right of third parties 345Elena D’AlessandroPART V GENERAL PROVISIONS40 Legalization or other similar formality 353Martina Mantovani41 Legal representation 361Guillaume Payan42 Court fees 367Guillermo Schumann Barragán43 Costs incurred by the banks 371Carlos Santaló Goris44 Fees charged by authorities 376Guillermo Schumann Barragán45 Time frames 379Guillermo Schumann Barragán46 Relationship with national procedural law 383Elena D’Alessandro47 Data protection 386Martina Mantovani48 Relationship with other instruments 398Guillermo Schumann Barragán49 Languages 405Carlos Santaló Goris50 Information to be provided by Member States 41451 Establishment and subsequent amendment of the forms 41652 Committee procedure 41753 Monitoring and review 41854 Entry into force 420Pilar Peiteado MariscalAnnex I 423References 433

‘Getting judgments may often seem the easy part; enforcing them is the main event. In the EU, this enforcement effort can be complicated by diverging practices in EU member states. The recent adoption of an EU-wide procedure offers positive results, and the fact some 55 billion Euros in judgments go unpaid each year proves the need for something like this. This book, by leading academics, introduces and explains the new procedure. It should be of great use to every judgment holder in every EU member state.’