Can Government Legislation Help A Small Company Recover a Debt From a Large Company Which Is Late With A Payment?
The government legislation covering the Late Payment of commercial debts was introduced in November 1998 and amended on August 7th 2002, which incorporated EU Directive 2000/35/EC on combating late payment in commercial transactions.The idea of this legislation is to allow a creditor to impose a penalty on the debtor in [...]
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