Today, the European Parliament expressed its support for the European Commission's proposals to reform the rules concerning the recognition and enforcement of judgments among EU Member States. This reform of the Brussels I Regulation entails the abolishment of the 'exequatur' procedure that is currently required to get a judgment in civil and commercial matters recognised in another EU country. The Commission expects that the reform will save businesses and consumers up to 48 million euro a year.
The European Commission indicates that the draft legislation will now pass to the Council for final adoption, which is expected to take place in the Council of Justice Ministers next month.
See the Commission's press release for further information.
