ARTICLE
12 April 2019

ECON Draft Report On The Proposal For A Directive On Credit Servicers, Credit Purchasers And The Recovery Of Collateral

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Ganado Advocates

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Ganado Advocates is a leading commercial law firm with a particular focus on the corporate, financial services and maritime/aviation sectors, predominantly servicing international clients doing business through Malta. The firm also promotes other areas such as tax, pensions, intellectual property, employment and litigation.
The Committee on Economic and Monetary Affairs of the European Parliament has recently issued a draft report on the proposal for a directive of the European Parliament and of the Council on credit servicers, credit purchasers and the recovery of collateral.
European Union Finance and Banking

The Committee on Economic and Monetary Affairs of the European Parliament has recently issued a draft report on the proposal for a directive of the European Parliament and of the Council on credit servicers, credit purchasers and the recovery of collateral. Rapporteurs de Lange and Gualtieri suggest various amendments to the draft directive including, without limitation, the deletion of Title V, which section outlines the framework for accelerated extrajudicial collateral enforcement.

Draft Report

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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