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Europe Daily Bulletin No. 7701

19 April 2000
Contents Publication in full By article 10 / 55
GENERAL NEWS / (eu) eu/industry
Parliament/Council agreement on late payments directive

Brussels, 18/04/2000 (Agence Europe) - On Tuesday, the Council and European Parliament reached an agreement on the European directive on late payments in commercial transactions. According to this agreement (which must be confirmed by an exchange of letters): a) the reference payment time, imposed above all when there is no written contract, will be 30 civil days following date of receipt of the invoice. Interests for late payment will then be invoiced, increasing to an additional 7 points...

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