Luxembourg – Enforcement of the European Account Preservation Order in Luxembourg (Saisie européenne des avoirs bancaires)

On 26 June 2018, the Luxembourg parliament adopted draft bill n° 7203 on the conversion of the European Account Preservation Order (for more information, see our newsletter of December 2016 ) into a national enforcement measure. The EAPO Regulation has introduced a new European procedure by creating a new preservation measure which prevents the enforcement of the creditor’s claim from being jeopardised through the potential transfer or withdrawal of funds. The main objective of the EAPO Regul