Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-10-Speech-2-361-500"

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"en.20110510.60.2-361-500"2
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"A very large number of companies in the EU carry out their business activities within the Internal Market, while European citizens enjoy the right to settle, work or travel freely throughout the EU. As we also pointed out when we discussed the Single Market Act intended to deepen the Internal Market and promote cross-border transactions, including commerce, we need guarantees to be able to recover any cross-border debts. I fully support the notion in this report of asking the Commission to propose more effective instruments for implementing the legislation, to supplement those which already exist for dealing with cross-border claims, such as the Brussels I Regulation or the Small Claims Procedure. Courts should have the necessary instruments available to act swiftly and freeze the assets of the debtor or alleged debtor, however not under any circumstances. We must strike a balance between protecting creditors and protecting the rights of debtors to avoid any arbitrary situation. The possibility of obtaining an EOPA without any notification and prior hearing for the relevant party is an infringement on the debtor’s rights and is contrary to current case law of the Court of Justice of the European Union. The report does not therefore provide the necessary balance as better protection is required for the rights of debtors."@en1

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