 Even where a mortgagee seeks an order for foreclosure from the courts, the courts will frequently order judicial sale of the property instead.In 2002, in an effort to standardize the rules relating to financial collateral arrangements and to "[provide] for rapid and non-formalistic enforcement procedures in order to safeguard financial stability and limit contagion effects in case of a default of a party to a financial collateral arrangement", the European Union adopted Directive 2002/47/EC, which provided for a remedy of appropriation (already available in the civil law).It also stated that those countries that did not allow such a remedy (i.e., the United Kingdom and the Republic of Ireland) on the Directive's adoption were not obliged to recognize it.