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Introduction of a European system for the attachment of bank accounts

10 January 2017

The EAPO Regulation will apply which allows in cross-border cases for the preservation, in an efficient and speedy way, of funds held in bank accounts. The new European Account Preservation Order ("EAPO") was established by Regulation (EU) No. 655/2014 ("EAPO Regulation"), which came into force in 2014 and will apply in all EU Member States, excluding Denmark and the United Kingdom but including Ireland (that opted in). The EAPO Regulation aims to simplify the recovery of cross-border debts.

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