Claims across the border
International debt collection
Venue, choice of law and enforcement of Danish judgments abroad. The EU rules make it possible — they simply do not make it simple.
The process
The whole dictionaryApplies all the way through
International debt collection is not a step in a case. It applies from the invoice to the bailiff’s court.
The concepts
8 conceptsThe concepts in this theme
Each entry is one page: the definition, the rate and the rule behind it.
- Choice of law (lovvalg)Choice of law is the question of which country's rules the contract is judged by — and where the parties have not agreed, the Rome I Regulation designates the law for them.Which country's rules applydetermines
- Currency risk (valutakursrisiko)Currency risk is the exposure that arises when a receivable is denominated in a currency other than your own — and it grows with every day the claim goes unpaid.Receivables in a foreign currencyarises from
- Enforcement of a foreign judgment (fuldbyrdelse af udenlandsk dom)Enforcement of a foreign judgment means having a judgment from one country enforced in another — within the EU it happens without a fresh court case.No new court casewithin the eu
- European order for paymentThe European order for payment is a common EU procedure for undisputed monetary claims across national borders.Undisputed claims in the EUapplies to
- Foreign jurisdiction (udenlandsk værneting)Foreign jurisdiction is the question of which country's court can hear the case when the debtor is based in another country.The debtor's home countrygeneral rule
- International debt collection (international inkasso)International debt collection is the recovery of claims against debtors abroad — under different rules on jurisdiction, choice of law and enforcement.A Danish judgment can be enforcedwithin the eu
- The European Small Claims Procedure (small claims-forordningen)The European Small Claims Procedure is a common EU route for smaller cross-border claims — written, on standard forms, and with no requirement for a lawyer.Cross-border claims within the EUapplies to
- The Late Payment Directive (sen betalings-direktivet)The EU directive on combating late payment in commercial transactions — this is where the compensation fee and the interest margin come from.At least 40 EURcompensation
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Other themes in the dictionary
The 6 steps of the process are above. Here are the other cross-cutting themes.