Posts Tagged ‘debt claims spain’

Debt Recovery in the European Union

Article 81 of the Treaty on the Functioning of the European Union establishes a legal basis for the development of judicial cooperation in cross border civil matters within the European Union. A first step in this process can be seen in the introduction of two specific procedures, the European Order for Payment Procedure and the European Small Claims Procedure. These procedures have been introduced in order to bring about a uniform procedure common to all Member States and to remove any barriers that exist in cross border debt collection.

Regime of Arrears and Changes in the Civil Monitory Process

On May 4 last, Law 13/2009 of 3 November on the Reform of Procedural Law came into force. Included amongst the many new provisions of this law are changes to the Civil Monetary Process, which has been considerably expanded in its scope as a result of this reform and it now provides for debt claims of up to €250,000 whereas, until this reform, the amounts claimed had been limited to €30,000.