Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-256-875"
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"en.20120313.17.2-256-875"2
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"The European Parliament has voted in favour of a regulation that legally clarifies cross-border successions in Europe. Numbering 450 000 per year, cross-border successions represent 10% of all successions in the European Union, totalling EUR 123 billion. The resolution that we have adopted today by a large majority stipulates that the applicable law shall be, by default, that of the country where the deceased was last habitually resident. However, it allows testators to choose between the law of the country of which they have nationality or that of the country where they reside for the settlement of their succession. In addition, the creation of a European Certificate of Succession will allow the quick and easy settlement of cross-border successions by making it possible for heirs to demonstrate their status and their rights in another Member State. With this new regulation, we will avoid future legal battles and lengthy proceedings when settling successions where the laws of several EU countries apply. The Council and the Commission have already given their informal agreement, meaning that the text should be readily adopted by the Council on examination."@en1
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