The European Parliament and the Council of the EU are currently considering a proposed Regulation for a new European Account Preservation Order, which will introduce a new and additional kind of bank freezing order available throughout the EU (see post). The UK has not opted in at this stage, but is participating in negotiations and may opt in to the Regulation once it is adopted (see post).
Emily Lew has published an article in the Butterworths Journal of International Banking and Financial Law which considers the implications. Click here for a pdf.
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