15 Jan

A breakthrough for EU in trade relations

By  Juan Miguel Ortiz

With the entry into force of the EU Regulation 1215/2012 of the European Parliament and of the Council of 12 December 2012 on jurisdiction, the recognition and the enforcement of decision in civil and commercial matters, in force since 10 January 2015, will mark a before and a after in our legal system. Undoubtedly the Spanish legislature will have to adapt a number of rules for the full effectiveness of the referred regulation.

 

 

The most important change regarding this regulation it is that from this moment any creditor who sees recognized his right of credit in any EU member country and who sees that his performance must to be effective in another EU state, now it will be performed in the destination without need for the costly and wordy procedure to obtain the recognition of the performance judicial title in another Member State, as happened previously.

Last modified on Wednesday, 20 February 2019 17:16

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