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Present and future of the payment order process in Europe and Latin America. The Colombian paradigm.

Present and future of the payment order process in Europe and Latin America. The Colombian paradigm.

12 January 2021

In this article, the author analyses the recent decision of the Court of Justice of the European Union from December 19, 2019. This ruling calls for a standard of proof to be included with the initial application form of the European order for the payment procedure in order for it to be examined by the court to determine whether the amount claimed from a consumer is unfair and what impact it will have on the speedy processing of this procedure. The article also analyzes the main problems that the practical application of this procedure is experiencing in Latin America and specifically in Colombia.

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