Introduction dans le droit luxembourgeois d’une procédure spécifique d’exécution applicable à la seule ordonnance européenne de saisie conservatoire des comptes bancaires instaurée par le règlement (UE) N°655/2014.
The Law of 17 May 2017 concerning the implementation of the Regulation (UE) No 655/2014 of the European Parliament and of the Council of 15 May 2014 establishing a European Account Preservation Order (“EAPO”, see our newsletter Q1 2017) in civil and commercial matters came into force on 27 May 2017.
The law of 23 December 2016 implementing Directive 2014/17/EU of the European Parliament and Council of 4 February 2014 on credit agreements for consumers relating to residential immovable property.
The new regulation n°655/2014 supporting the creation of a European bank account preservation order procedure came into force on 18 January 2017. This is now enforceable throughout the Member States of the European Union, excluding the United Kingdom and Denmark.
This regulation is binding and directly applicable in the Member States, like every European regulation.
A European Account Preservation Order, the purpose of which is to facilitate the execution of cross-borders pecuniary claims, has recently been enforced (with the exception of the UK and Denmark).
As of January 18th, 2017, it is now possible, within the European Union, to freeze the funds held by a debtor in a bank account of a member state without needing the famous “exequatur” procedure.
On 18 January 2017, Regulation (EU) No 655/2014 (the "Regulation") will become fully applicable. It will henceforth be possible to obtain in any EU Member State, with the exception of Denmark and the United Kingdom, a preservation order for bank accounts of a debtor situated in another Member State.
Following the entry into force of the Mortgage Credit Directive (“MCD”)1 on 21 March 20142, bill 7025 transposing the MCD and amending the Luxembourg Consumer Code was submitted to the Luxembourg Parliament on 29 July 2016 by Luxembourg’s Minister of Finance Pierre Gramegna.
Bill 7025 is composed of a single article that amends the Luxembourg Consumer Code by adding a new Chapter 6 named Mortgage Credit Agreements (new articles L.226-1 toL.226-45 of the Consumer Code).
L’acquisition d’un bien immobilier représente souvent l’investissement le plus important d’une vie, car son financement nécessite la plupart du temps la souscription d’un contrat de prêt qui s’étale généralement sur une très longue durée. Si l’acquéreur connait le coût total de l’acquisition de son bien immobilier, certaines dépenses imprévues peuvent apparaitre après la signature de l’acte de vente, et peuvent très vite coûter beaucoup d’argent aux nouveaux propriétaires.
