selection

debt

This tag is associated with 7 posts

Law applicable to the third-party effects of assignments of claims [EU Legislation in Progress]

The assignment of a claim refers to a situation where a creditor transfers the right to claim a debt to another person. This system is used by companies to obtain liquidity and access credit. At the moment, there is no legal certainty as to which national law applies when determining who owns a claim after it has been assigned in a cross-border case. Continue reading

Understanding the macroeconomic imbalance procedure: Origin, rationale and aims

Written by Christian Scheinert, Both the global financial crisis and the European sovereign debt crisis uncovered a high level of macroeconomic imbalances, which constituted major economic fault-lines, and led to the spread and acceleration of these crises. Imbalances had built up over years, sometimes decades, and correcting them proved to be a long and painful … Continue reading

Orders for payment in the EU: National procedures and the European Order for Payment

Every year, 1 million small businesses in the EU face problems with collecting cross-border debts, and as much as €600 million in cross-border claims are never satisfied. Domestic orders for payment are an effective tool for debt collection in the Member States. Although they exist in many Member States, they differ to a great extent, … Continue reading

Annual report on competition policy

The European Commission (EC) publishes annual reports on EU competition policy, covering the main developments and enforcement actions. The 2011 edition focused on the role of State aid policy in the resolution of financial crisis. Context The Commission is responsible for the enforcement of EU competition law, subject to the control of the Court of … Continue reading

Le Forum Social Mondial : Evolution et enjeux

Le Forum Social Mondial (FSM) a été initié en 2001 au Brésil, dans une tentative de réunir la société civile globale et de favoriser l’élaboration d’alternatives à la mondialisation néolibérale. Conformément à sa Charte de Principes, le FSM constitue un espace de rencontre ouvert pour l’échange des idées, la mise en réseau des participants et … Continue reading

European Central Bank: (Un)Conventional policy measures

On 6 September 2012, the European Central Bank (ECB) announced its Outright Monetary Transactions (OMT) programme. The ECB has taken a series of standard and non-standard measures throughout the financial turmoil, the global financial crisis and the Eurozone debt crisis. This is now the second action under which the central bank has entered the sovereign-debt … Continue reading

Chypre : un prêt russe pour sortir de la crise

Lourdement frappée par la crise financière, Chypre s’est résolue à demander de l’aide. Deux demandes ont été lancées en parallèle: l’une auprès de l’UE et l’autre auprès de la Russie. Cette demande de prêt russe pose question pour les partenaires européens de Chypre. Pourtant, elle n’a rien d’étonnant vu les liens étroits que maintiennent Chypre … Continue reading

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