Brussels, 08/08/2002 (Agence Europe) - The Directive on combating late payment in commercial transactions enters into force on 8 August. Adopted in 2000, the Directive will now cover all commercial transactions, whether in the private or public sector. The measure does not harmonise payment deadlines but rather, provides a default mechanism when payment periods are not indicated in the contract. The Directive establishes that there will be a statutory right to interest 30 days after the date...