VGS corporate lawyers
London

+44 2039665531

Milan

+39 0250043613

  • Home
  • Who we are
  • Practice Areas
    • Company law
      • Setting up a company in Italy
      • Corporate governance
      • Bankruptcy
    • Debt Recovery & Credit Collection
    • Arbitration and Mediation
    • Contracts
      • Acquisition Finance
    • White collar crimes
    • Data protection and GDPR
    • Professional Negligence
      • Medical Malpractice
  • People
    • Avv. Valentina Giarrusso
    • Avv. Flavia Di Pilla
    • Avv. Silvia Pellegrini
    • Avv. Giuseppe Ganci
    • Avv. Valentina Improta
    • Dr. Fabrizio Di Patti
    • Avv. Salvatore Fasciana
    • Dr. Yasine Ajlane
  • News & Blog

Do you need to recover a debt in Italy?

  • by VGS' Editorial Board
  • 7 October 2019
  • Comments (0)

The European Order for Payment is a simplified proceeding, aimed at getting the balance for uncontested pecuniary claims. This procedure was established in 2008 by Regulation EC no. 1896/2006 with the specific purpose to simplify and reduce the costs for cross-border debt collections. As defined by the regulation, disputes may be considered as cross-border when one of the parties resides in two different Member States.

Requirements

In order for the European Order for Payment be issued the following requirements must be met:

  1. The credits must be uncontested and determined in their amount;
  2. The parties must be from two different Member States.

The order is directly enforceable. However, the other party may file an opposition within 30 days from the notification. In this case, the proceedings shall continue before the court of the Member State where the proceeding was filed first.

VGS Lawyers and its Litigation team has a wide expertise in cross borderĀ debt recovery and credit collection. Feel free to leave your enquiry and contact details and we will be contacting you within 24 hours.

  • European Union
  • Italian Debt Recovery
  • Share:
Previous Article: Change from S.r.l. to S.p.A.
Next Article Do you need to set up S.n.c company in Italy?

Practice Areas

  • Company law
    • Bankruptcy
  • Debt Recovery & Credit Collection
  • Arbitration and Mediation
  • Contracts
    • Acquisition Finance
  • White collar crimes
  • Data protection and GDPR
  • Professional Negligence
    • Medical Malpractice

Free Consultation

    Tags

    ADR Airbnb Arbitration Auditing Brexit Company Law Company Shares Consent Contracts Cookies Copyright Coronavirus Data DataProcessing Data Protection DPO European Union Eviction Free Title GDPR HealtData HouseHold Agreements Italian Bankruptcy Law Italian Business Italian Company Law Italian Corporate Law Italian Criminal Law Italian Debt Recovery Italian Entry Visa Italian Incorporation Italian Intellectual Property Law Italian Legal Advice Italian Privacy Italian Tax Legal guide MedialTreatment Mediation Partnership Patient Personal Data Privacy Processing Research Warranty White Collar Crimes

    Social Links

    • Facebook
    • Instagram
    • LinkedIn

    See also:

    VGS Lawyers

    VGS - Family Lawyers

    © Copyright 2022 | VGS Corporate Lawyers | All right reserved.