LATE PAYMENT IN COMMERCIAL TRANSACTIONS

Work is underway in the new Parliament to progress the Commission’s 2009 proposal for a directive to combat late payments in commercial transactions between businesses, or between businesses and public authorities. Once adopted, it will repeal and replace Directive 2000/35/EC which over time, has been found to be inadequate.

See: http://eurlex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:2009:0126:FIN:EN:PDF


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