# Commission Implementing Regulation (EU) 2016/1823 of 10 October 2016 establishing the forms referred to in Regulation (EU) No 655/2014 of the European Parliament and of the Council establishing a European Account Preservation Order procedure to facilitate cross-border debt recovery in civil and commercial matters, Division 10: Reasons for seeking a Preservation Order

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

The Preservation Order can be granted only if you present relevant facts that your claim is in urgent need of judicial protection and that, without the Preservation Order, the enforcement of an existing or a future judgment or other enforceable title against the debtor may be impeded or made substantially more difficult because there is a real risk that by the time you are able to have an existing or future judgment or other enforceable title enforced, the debtor may have dissipated, concealed or destroyed his assets held in the bank account(s) to be preserved, or that the debtor may have disposed of them under value, or to an unusual extent or through unusual action (Recital 14 in conjunction with Article 7 of Regulation (EU) No 655/2014).

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Source: https://www.legislation.gov.uk/eur/2016/1823/annex/I/division/3/division/10 (the official version)
Page: https://openlegislation.uk/eu-regulation-2016-1823/annex-I/division-3/division-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.