Businesses and consumers will be able to resolve cross-border disputes more easily, thanks to a reform adopted by European Justice Ministers.
The new rules adopted will make it easier to determine the competent national court in that type of dispute and to establish the modalities of recognition and application of judicial decisions handed down between Member States.
Proposed by the European Commission in December 2010, the legislation aims to strengthen the single market and reduce bureaucracy.
The proposal also provides for the abolition of the 'exequatur' procedure, which requires companies to first go through a lengthy and costly process in the courts in order to obtain a court decision in civil and commercial matters that is recognized in another EU country.
The abolition of this administrative procedure should save businesses and consumers up to €48 million.
Comments