login
login

Europe Daily Bulletin No. 12378

28 November 2019
Contents Publication in full By article 14 / 29
ECONOMY - FINANCE - BUSINESS / Banks
Agreement in EU Council on out-of-court recovery mechanism for non-performing loans
Brussels, 27/11/2019 (Agence Europe)

On Wednesday 27 November, the Member States' ambassadors to the European Union (Coreper) reached political agreement in principle on the proposal for a directive introducing an accelerated out-of-court procedure for the recovery of collateral, in the form of movable and immovable property, when a loan to a company becomes non-performing.

This new mechanism, which will not apply to consumer loans or loans for which the borrower's principal residence is used as collateral, will require a prior...

Please log in with username and password

Contents

EUROPEAN PARLIAMENT PLENARY
SECTORAL POLICIES
ECONOMY - FINANCE - BUSINESS
SOCIAL AFFAIRS
INSTITUTIONAL
COURT OF JUSTICE OF THE EU
EXTERNAL ACTION
BREACHES OF EU LAW
NEWS BRIEFS