2 questions

may have been answered before but i dont know...
1) What happens when you die? Do you lose XP points or something equivelant?
2) Are there designated PvP areas? Likes BAttleground on WoW or is it global open world PvP?
Started looking at this game now that I have quit WoW ^^ this looks so diverse and exciting i can't wait to try it out

and I agree with the comment above. The combat sounds are a bit weird =P will they be the same in the EU version? And can we change them?