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Regulation (EU) No 655/2014 of the European Parliament and of the Council of 15 May 2014 establishing a European Account Preservation Order procedure to facilitate cross-border debt recovery in civil and commercial matters

article  17

CELEX:  02014R0655-20250501

Decision on the application for the Preservation Order
1. The court seised of an application for a Preservation Order shall examine whether the conditions and requirements set out in this Regulation are met.
2. The court shall decide on the application without delay, but no later than by the expiry of the time-limits set out in Article 18.
3. Where the creditor has not provided all the information required by Article 8, the court may, unless the application is clearly inadmissible or unfounded, give the creditor the opportunity to complete or rectify the application within a period of time to be specified by the court. If the creditor fails to complete or rectify the application within that period, the application shall be rejected.
4. The Preservation Order shall be issued in the amount justified by the evidence referred to in Article 9 and as determined by the law applicable to the underlying claim, and shall include, where appropriate, interest and/or costs pursuant to Article 15. The Order may not under any circumstances be issued in an amount exceeding the amount indicated by the creditor in his application.
Regulation (EU) No 655/2014 of the European Parliament and of the Council of 15 May 2014 establishing a European Account Preservation Order procedure to facilitate cross-border debt recovery in civil and commercial matters

article  17

CELEX:  02014R0655-20250501

5. The decision on the application shall be brought to the notice of the creditor in accordance with the procedure provided for by the law of the Member State of origin for equivalent national orders or by the means of electronic communication provided for in Article 4 of Regulation (EU) 2023/2844.