# 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 5: Availability

Extent: E+W+S+N.I.

The Preservation Order shall be available to the creditor in the following situations:
(a) before the creditor initiates proceedings in a Member State against the debtor on the substance of the matter, or at any stage during such proceedings up until the issuing of the judgment or the approval or conclusion of a court settlement;
(b) after the creditor has obtained in a Member State a judgment, court settlement or authentic instrument which requires the debtor to pay the creditor’s claim.

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Source: https://www.legislation.gov.uk/eur/2014/655/article/5 (the official version)
Page: https://openlegislation.uk/eu-regulation-2014-655/article-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.