Directive on combating late payment in commercial contracts Cover Image

Директива о сузбијању закашњења с плаћањем у привредним уговорима
Directive on combating late payment in commercial contracts

Author(s): Marijana Dukić Mijatović, Sanja Gongeta
Subject(s): EU-Legislation
Published by: Институт за међународну политику и привреду
Keywords: Payment terms;Directive 2011/7/EC;commercial transactions

Summary/Abstract: In this paper authors analyzed the legal basis for the adoption of Directive 2011/07/EU on combating late payment in commercial contracts as well as the consequences for commercial entities after its entry into force and implementation into national law of the Member States of the European Union. Authors compared the legal and real terms of payment of trade transactions by the private and public sectors. Also, they pointed out the negative consequences of non-compliance with statutory time limits on the solvency of commercial entities, and consequently on the economy of a particular country.

  • Issue Year: 2015
  • Issue No: 51
  • Page Range: 218-227
  • Page Count: 10
  • Language: Serbian