Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-10-Speech-2-357-500"
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"en.20110510.60.2-357-500"2
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"−
Millions of Europeans use the right to trade in the EU Internal Market, and to live, work and travel throughout the EU. The EU has legislation that allows cross-border claims and the mutual recognition of national courts’ judgments. However, obtaining a legal judgment is only part of the process: citizens and companies must have the right to ensure that these judgments are effectively enforced. A necessary component of effective enforcement is that the courts may, as an interim measure, act swiftly to order disclosure and freezing of the debtor’s assets. Without such a measure, rogue traders and other debtors can evade their responsibilities by simply moving their assets to another jurisdiction, thereby denying the creditor effective enforcement of the judgment in the Single Market. The citizen or small business will have spent both money and time in securing a court judgment, only to have to go before another Member State’s courts with no guarantee of success or justice. This report threfore indicates the need for an effective regime for freezing and disclosure of debtors’ assets, as such I am voting for it."@en1
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