by Joana Covelo de Abreu, Junior Editor
Effective judicial protection concerning debt recovery: branding the judicial reentrée
The European Union is now living a post crisis’ recovery and, to achieve that, the Commission understood in its 2013 Citizenship Report the European Union was now pursuing two new goals: an economic recovery and a sustainable growth. To meet those political objectives, the European Union adopted Regulation (EU) No. 2015/2421 which revised both European Small Claims Procedure [Regulation (EC) No. 861/2007] and the European order for payment procedure [Regulation (EC) No. 1896/2006]. In fact, both these instruments were reputed, already in 2013, as being able to definitely influence European economic recovery by boosting Internal Market functioning and delivering better observance of fundamental freedoms by protecting those economic agents that interacted in a cross-border context.
The changes brought by Regulation No. 2015/2421 are applicable since 14th July 2017 and, so, as the courts’ recession is going on – for instance, in Portugal this started in the 16th July 2017 and it will end in the 31st August 2017 – the real impact of these legislative precisions are going only to be felt when the judicial réentrée happens.