European order for payment procedure
COMCMT1R-EP1R-C2R-EPCNCADO
Updated 239mo ago
This procedure aims to simplify and speed up the recovery of undisputed cross-border monetary claims. It establishes a simplified, fast, and low-cost procedure for obtaining a European order for payment, making it easier for businesses and consumers to get paid across the EU.
This affects businesses and consumers involved in cross-border transactions. It streamlines the judicial process for debt recovery, reducing legal costs and time delays, thereby improving the functioning of the internal market.