European Payment Order

OFFER OF DEBT COLLECTION FROM TRADING PARTENRS IN POLAND ON THE BASIS OF THE EUROPEAN PAYMENT ORDER

The enterprise’s financial liquidity depends to a large extent on the execution of financial obligations on-time by trading partners. However, situations where the other party is late on payments or does not settle them at all do happen. In particular, one finds himself in a difficult situation because of unreliable trading partners form other EU countries. In such event, referring the case for professional debt collection is one of the most effective solutions.

In terms of debt collection, Skarbiec Law Office offers services related to judicial debt recovery proceedings – as a result of our lawyers’ experience and suitable work organization, our outcomes are statistically above the country’s average regarding the level of debt collectibility and the short duration of the proceedings.

As far as debtors from other EU Member States are concerned, it is highly beneficial and advisable to apply the procedure related to the European Payment Order.

European Payment Order – introductory information

The European Payment Order is a form of a court order allowing for the execution of claims from a foreign trading partner from within the European Union (except for Denmark and the United Kingdom, which have not implemented the EU procedure).

European Payment Order – Procedure

Conducting the procedure under the European Payment Order requires, most importantly, the filing of a legal action in accordance with provisions of the Civil Procedure Rules and of the Regulation of the European Parliament and the Council No. 1896/2006 from the 12 December 2006.

European Payment Order – Benefits

Enforcement of claims from foreign trading partners from the European Union through a legal action for issuance of the European Payment Order is beneficial in many aspects and constitutes a significantly better solution than the procedure of claim enforcement from EU trading partners based on domestic laws alone.

European Payment Order – Costs