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Late Payments Directive

1 August, 2012

Late Paying Corporate Clients may by law be charged penalty interest. Late payment or even long payment periods threaten the cash-flow and very survival of many businesses. In their Spring 2012 survey Business group ISME found that the average payment period for small and medium sized businesses was 71 days, with 40% of companies stating that they were experiencing delays on payments of three months or more.

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