European account preservation order

This procedure aims to create a European Account Preservation Order to facilitate the recovery of cross-border debts. It establishes a simplified procedure for creditors to secure funds in a debtor's bank account located in another EU Member State, preventing the debtor from moving or hiding assets.

This measure will affect creditors seeking to enforce judgments across borders, debtors with assets in multiple EU countries, and financial institutions handling account preservation orders. It aims to improve access to justice and the effectiveness of debt recovery within the EU.