Member States in the Justice Council today endorsed new EU rules that aim to make it easier for companies to recover claims across borders. This proposal will help businesses recover millions in cross-border debts, by allowing creditors to preserve the amount owed in a debtor's bank account.

As Vice-President Viviane Reding, the EU's Justice Commissioner said: "Small and medium-sized enterprises are the backbone of European economies – making up 99% of businesses in the EU. Around 1 million o...

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