More legal certainty in doing business across the EU
The rules abolish the costly and lengthy procedure, which is currently used 10,000 times per year to get judgments in civil and commercial matters recognized in other EU countries.
From mid-January 2015, cross-border judgments will be automatically enforceable across the EU. Consumers will also be better protected when buying from non-EU merchants; and businesses will have more legal certainty when doing business across the EU. The new measures deliver on the EU's promise to cut red tape and strengthen the EU's Single Market to boost sustainable economic growth.
The Commission has calculated that the new rules could bring savings of between €2,000 and €12,000 per individual case. It is a successful delivery on the promise to cut red tape and strengthen the EU's Single Market. She concluded that “such action would make a significant difference in particular for small and medium enterprises and will open up many more opportunities for business across Europe". ■
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