Late payment in Western Europe : comparative study
Posted - 12.09.2014
Léon Gloden and Marine Repelowicz
This report aims to facilitate businesses in fighting late payments throughout Europe. It provides a convenient per country overview of answers to most relevant questions such as ‘What is the maximum statutory period of payment?’, ‘What is the sanction in case of a breach of the maximum period of payment?’, ‘Which is the place of payment?’, etc. . References to the different national texts are also included. The report takes into account the implementation of the Directive on combating late payment. For your convenience a comparative schedule of all countries treated is included.
Please note that this report only concerns transactions between companies. The specific rules applicable for transactions between a company and a public authority are outside the scope of this report.