{"id":2314,"date":"2017-12-07T14:55:04","date_gmt":"2017-12-07T14:55:04","guid":{"rendered":"https:\/\/staging.amj-uk.com\/cli_2019\/regulation-eu-no-655-2014-of-the-european-parliament-and-of-the-council\/"},"modified":"2019-08-09T09:44:35","modified_gmt":"2019-08-09T08:44:35","slug":"regulation-eu-no-655-2014-of-the-european-parliament-and-of-the-council","status":"publish","type":"post","link":"https:\/\/staging.amj-uk.com\/cli_2019\/regulation-eu-no-655-2014-of-the-european-parliament-and-of-the-council\/","title":{"rendered":"Regulation (EU) No 655\/2014 of the European Parliament and of the Council"},"content":{"rendered":"\n[et_pb_section bb_built=&#8221;1&#8243; specialty=&#8221;on&#8221; module_class_1=&#8221;et_pb_column_2_3&#8243; module_class_2=&#8221;et-last-child et_pb_column_1_3&#8243; custom_css_main_1=&#8221;\/*width: 64.833% !important;*\/&#8221; custom_css_main_2=&#8221;\/*width: 29.666% !important;*\/||min-width: 29.666% !important;&#8221; _builder_version=&#8221;3.0.90&#8243; custom_padding=&#8221;0px|0px|27px|0px&#8221;][et_pb_column type=&#8221;3_4&#8243; specialty_columns=&#8221;3&#8243;][et_pb_row_inner admin_label=&#8221;Row&#8221; custom_padding=&#8221;35px|0px|29.6875px|0px&#8221; _builder_version=&#8221;3.0.86&#8243; custom_css_main_element=&#8221;padding-right: 0 !important;||padding-bottom: 0 !important;&#8221;][et_pb_column_inner type=&#8221;4_4&#8243; saved_specialty_column_type=&#8221;3_4&#8243;][et_pb_post_title author=&#8221;off&#8221; date=&#8221;off&#8221; categories=&#8221;off&#8221; comments=&#8221;off&#8221; featured_image=&#8221;off&#8221; text_color=&#8221;light&#8221; _builder_version=&#8221;3.0.89&#8243; title_font=&#8221;|700|||||||&#8221; background_color=&#8221;#2a4984&#8243; border_color_all=&#8221;#2a4984&#8243; title=&#8221;on&#8221; meta=&#8221;off&#8221; featured_placement=&#8221;below&#8221; text_background=&#8221;off&#8221; title_font_size=&#8221;19px&#8221; custom_css_post_title=&#8221;padding-bottom:0px !important; || &#8221; border_width_all=&#8221;10px&#8221; \/][et_pb_divider _builder_version=&#8221;3.0.89&#8243; \/][et_pb_text _builder_version=&#8221;3.0.100&#8243; text_text_color=&#8221;#2a4984&#8243; module_alignment=&#8221;left&#8221; background_layout=&#8221;light&#8221;]\r\n\r\nAlthough Third Party Debt Orders are not the most widely used enforcement route in the UK, possibly because our debtors\u2019 bank accounts are not traditionally showing a credit balance, this new cross-border enforcement tool has attracted a lot of interest across Europe. In many countries, Third Party Debt Orders are the best enforcement route available so UK creditors seeking to recover cash after obtaining a judgement on an EU debtor should be aware of its potential.\r\n\r\nThis procedure will allow creditors to freeze the amount owed in the debtor&#8217;s bank account when it is located in the EU.This would mean that the debtor would be unable to remove the assets value from the account until a judgement is obtained and enforced by the creditor. This would cut down the costs and time that it takes for a creditor to obtain provisional measures to preserve assets in bank accounts held in another Member State.\r\n\r\n<a href=\"https:\/\/staging.amj-uk.com\/cli_2019\/wp-content\/uploads\/2017\/12\/eu-stars.jpg\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-2162\" src=\"https:\/\/staging.amj-uk.com\/cli_2019\/wp-content\/uploads\/2017\/12\/eu-stars.jpg\" alt=\"\" width=\"287\" height=\"176\" \/><\/a>\r\n\r\n[\/et_pb_text][et_pb_post_nav _builder_version=&#8221;3.0.90&#8243; in_same_term=&#8221;off&#8221; show_prev=&#8221;on&#8221; show_next=&#8221;on&#8221; prev_text=&#8221;Previous article&#8221; next_text=&#8221;Next article&#8221; title_font=&#8221;|700|||||||&#8221; border_width_all=&#8221;2px&#8221; border_color_all=&#8221;#2a4984&#8243; border_radii=&#8221;on|36px|36px|36px|36px&#8221; custom_padding=&#8221;5px|5px|5px|5px&#8221; \/][\/et_pb_column_inner][\/et_pb_row_inner][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243;][et_pb_sidebar _builder_version=&#8221;3.0.89&#8243; area=&#8221;sidebar-1&#8243; orientation=&#8221;left&#8221; show_border=&#8221;on&#8221; background_layout=&#8221;light&#8221; \/][et_pb_text background_layout=&#8221;dark&#8221; _builder_version=&#8221;3.0.86&#8243; text_font=&#8221;|700|||||||&#8221; text_font_size=&#8221;19px&#8221; text_line_height=&#8221;1em&#8221; header_text_align=&#8221;left&#8221; background_color=&#8221;#284682&#8243; border_width_all=&#8221;10px&#8221; border_color_all=&#8221;#284682&#8243; border_style_all=&#8221;solid&#8221; use_border_color=&#8221;on&#8221; border_color=&#8221;#284682&#8243; border_width=&#8221;10px&#8221; saved_tabs=&#8221;all&#8221;]\r\n\r\nTwitter\r\n\r\n[\/et_pb_text][et_pb_sidebar area=&#8221;et_pb_widget_area_1&#8243; _builder_version=&#8221;3.0.86&#8243; saved_tabs=&#8221;all&#8221; orientation=&#8221;left&#8221; show_border=&#8221;on&#8221; background_layout=&#8221;light&#8221; \/][\/et_pb_column][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"<p>Although Third Party Debt Orders are not the most widely used enforcement route in the UK, possibly because our debtors\u2019 bank accounts are not traditionally showing a credit balance, this new cross-border enforcement tool has attracted a lot of interest across Europe. In many countries, Third Party Debt Orders are the best enforcement route available [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[27],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Regulation (EU) No 655\/2014 of the European Parliament and of the Council - Credit Limits International<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regulation (EU) No 655\/2014 of the European Parliament and of the Council - Credit Limits International\" \/>\n<meta property=\"og:description\" content=\"Although Third Party Debt Orders are not the most widely used enforcement route in the UK, possibly because our debtors\u2019 bank accounts are not traditionally showing a credit balance, this new cross-border enforcement tool has attracted a lot of interest across Europe. 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