EU advocate general backs bank attachment orders despite Curaçao insolvency
An advocate general at the Court of Justice of the European Union has proposed that EU bank-attachment orders may still be issued against an operator in Curaçao, despite insolvency proceedings there. The case concerns a German resident seeking to recover more than €57,000 in online gambling losses; the opinion says the EU exclusion for insolvent debtors applies to proceedings opened in EU member states, not third countries.
The proposed interpretation could affect creditors seeking to secure funds held in EU bank accounts by gambling operators in third-country insolvency proceedings.