EU
#PropertyRegimes for international couples in Europe - new rules apply in 18 member states
The EU Regulations clarifying the rules applicable to property regimes for international married couples or registered partnerships apply now. The regulations establish clear rules in cases of divorce or death and bring an end to parallel and possibly conflicting proceedings in various member states, for instance on property or bank accounts. In short, it will bring more legal clarity for international couples.
First Vice President Timmermans said: "The entry into application of these regulations is good news for the growing number of international couples in Europe. This is about giving certainty to thousands of European couples about what happens to their property if they divorce or one of them dies. I am confident that these regulations will help many European couples manage such difficult times.”
Justice Commissioner Vera Jourová said: “These new rules will make it easier and cheaper to divide joint assets and provide some relief to people in difficult circumstances. More than 16 million international couples will benefit from clear procedures in case of divorce or death of a partner. They will be able to save around €350 million each year in legal costs. I encourage the remaining member states to join the enhanced cooperation for the sake of all international couples across the EU.”
The full press release is available here.
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