How do you execute an European payment order in Romania?
The need for continuous adaptation to changes in modern society has prompted the adoption of a law, namely the Regulation no. 1896/2006 establishing an European payment order procedure. The rationale behind the adoption of this regulation was to remove barriers to open and effective access to justice in respect of debt recovery. Thus, this procedure was established to obtain an European payment order. This article concerns matters related to enforcement in Romania and any other information regarding forced execution in Romania. The Romanian Law Firm Pavel, Margarit and Associates recommends contacting an enforcement lawyer in Romania or a law enforcement attorney in Romania who can guide you in the forced execution in Romania of an European payment order.
Enforcement lawyer in Romania What is an European payment order?
The Regulation no. 1896/2006 establishing an European payment order procedure introduced the European payment order procedure to simplify, speeding up and reducing procedural costs in cross-border disputes relating to uncontested pecuniary claims. The European payment order is an instrument for the fast debt recovery, and it is useful for economic operators in the European Union whose activity may be affected by late payments.
The procedure is based on the use of standard forms and the application for an European payment order must contain elements such as the name and address of the parties and, where appropriate, their representatives, as well as those of the court seised of the application, the amount of the claim, in particular the principal and, where applicable, interest, contractual penalties and costs, the interest rate and the period for which such interest is required, the cause of the action, including a description of the circumstances invoked as the basis for the claim, etc.
An enforcement lawyer in Romania or a law enforcement attorney in Romania can provide you with legal assistance and legal representation in the enforcement in Romania or in any matter related to the forced execution in Romania of an European payment order.
Law enforcement attorney. Enforcement in Romania
The forced execution in Romania of the European payment order is governed by the law of the executing member state, and enforceable quality is required. Against the European payment order the defendant may object within thirty days of the date of communication or notification of the payment order to the defendant, but if no opposition has been made to the court of origin, the court of origin immediately declares that the European payment order is enforceable by using a standard form. In order to execute an European payment order, it is necessary to draw up the related documentation as provided for in the Regulation No. 1896/2006 establishing an European payment order procedure.
The suspension of enforcement in Romania may be obtained in exceptional circumstances where the defendant has requested re-examination.
“The Romanian Law Firm Pavel, Margarit and Associates always pursues the best interests of its clients, having extensive experience in executing European payment orders. Enforcement in Romania can be a difficult procedure in certain situations, and the assistance provided by an enforcement lawyer in Romania or a law enforcement attorney in Romania is important for the achievement of the purpose”, declared Dr. Radu Pavel, the Managing Partner of the Romanian Law Firm Pavel, Margarit and Associates.
Our team of lawyers is ready to assist you in the forced execution in Romania of an European payment order or in providing advice to obtain an European payment order. To benefit from our support, you can contact us by accessing the contact form available at https://www.avocatpavel.com/contact-us/.
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In conclusion, the European payment order is a fast way for debt recovery, being a measure to simplify and speed up cross-border disputes. The Romanian Law Firm Pavel, Margarit and Associates can provide legal assistance in the enforcement in Romania of an European payment order, so that the provisions of the Regulation no. 1896/2006 establishing an European payment order procedure to be complied with.
Pavel, Margarit and Associates Law Firm is one of the top law firms in Romania, providing high-quality legal services. The firm’s clients include multinational and domestic companies of great magnitude. In 2024, the law firm’s success stories brought it international recognition from the most prestigious international guides and publications in the field. As a result, Pavel, Margarit and Associates Law Firm ranked 3rd in Romania in the Legal 500’s ranking of business law firms with the most relevant expertise. The law firm is internationally recognized by the IFLR 1000 Financial and Corporate 2024 guide. Additionally, Pavel, Margarit and Associates Law Firm is the only law firm in Romania recommended by the international director of Global Law Experts in London in the Dispute Resolution practice area. All relevant information about Pavel, Margarit and Associates Law Firm can be found on the website www.avocatpavel.com.