Legal Partner DWF explains how to use an EOP to enforce cross-border debt
The European Order for Payment (EOP) is an underused but highly effective tool which allows for enforcement of crossborder debts.
Council Regulation (EC) 1896/2006 brought about the EOP process, which allows a creditor to enforce a debt against a debtor residing in another European Member State (with the exception of Denmark). The procedure is administrative in nature and is faster and less costly than litigating uncontested money claims.