Download - Chasing after debtors The Review of Brussels I Regulation and transparency of debtors assets Chris Pitt-Lewis December 2011

Chasing after debtors

The Review of Brussels I Regulation and transparency of debtors assets

Chris Pitt-LewisDecember 2011

EC Regulation 44/2001 (“Brussels I”)

Judicial cooperation in civil matters Decides which jurisdiction Mechanism for recognising and enforcing

judgments

Presentation to E U R - 15 September 2011

Review

Recast regulation – Commission’s draft 14 Dec 2010

COM 2010/748 Parliament – currently in committee.

Significant changes proposed


Abolition of the exequatur Extension of the jurisdiction rules of the Regulation to

disputes involving third country defendants – the Parliament currently disagrees with this;

Enhancement of the effectiveness of choice of court agreements;

Improvement of the interface between the Regulation and arbitration;

Better coordination of proceedings before the courts of Member States;

Improvement of access to justice for certain specific disputes; and

Clarification of the conditions under which provisional and protective measures can circulate in the EU.


Article 22- immoveable property – rights in rem and tenancies

Exclusive jurisdiction of lex rei sitae Except private tenancies up to 6 months New exception – agreements for tenancies for

professional use – parties can agree on jurisdiction

Validity of entries in public registers – exclusive jurisdiction of MS where the register is kept


Abolition of exequatur “Article 381. Subject to the provisions of this Chapter, a

judgment given in a Member State shall be recognised in the other Member States without any special procedure being required and without any possibility of opposing its recognition.

2. 2. A judgment given in one Member State which is enforceable in that State shall be enforceable in another Member State without the need for a declaration of enforceability.”


Abolition of exequatur

Will there be a general “public policy” exception?

Certificate by issuing Court (Annex I) Foreign judgment to be enforced under

same conditions as a local one


Provisional and protective measures Enforeceable judgment includes right to

take any protective measures available in law of MS of enforcement (Article 40 (new))

Provisional and protective measures can be taken by – Court with jurisdiction (under its law) (Article

35 (new))Courts of any MS (under its law) (Article 36

(revision of old art. 31)


Article 65 (new)

“The party seeking the recognition, enforceability or enforcement of a judgment given in another Member State shall not be required to have a postal address or an authorised representative in the Member State of enforcement.”


Article 66 (new)“If a judgment contains a measure or an order which is not known in the Member State of enforcement, the competent authority in that Member State shall, to the extent possible, adapt the measure or order to one known under its own law which has equivalent effects attached to it and pursues similar aims and interests.”


Authentic instruments and court settlements

Basically, enforceable in same way as judgments

Explanatory certificates in Annexes V and VII (similar to certificate for court in annex I)


Transparency of debtors’ assets How does a creditor discover what assets

the debtor has, against which he can enforce judgment?

Green Paper 2008


4 kinds of measure suggested drawing up a manual of national

enforcement laws and practices; increasing the information available and

improving access to registers; enhancing exchange of information

between enforcement authorities; harmonising measures relating to the

debtor's declaration, for example, through the introduction of a European Assets declaration.


Links Draft recast Brussels I:

http://ec.europa.eu/justice/policies/civil/docs/com_2010_748_en.pdf

Report of Parliament’s rapporteur:http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE467.046

Green Paper on transparency http://europa.eu/documentation/official-docs/green-

papers/index_en.htm


Download - Chasing after debtors The Review of Brussels I Regulation and transparency of debtors assets Chris Pitt-Lewis December 2011

Top Related