Late Payment Regulation: ‘Not comp • Table.Briefings

The EU wants to combat late payments in business transactions. On Wednesday, Parliament’s Internal Market Committee adopted its position on the Late Payment Regulation. The main criticism is that the courts will no longer have sole jurisdiction in the future.

In order to combat late payments in commercial transactions, Parliament’s Internal Market Committee adopted its position on the Late Payment Regulation on Wednesday. CDU MEP Andreas Schwab yesterday called on Parliament to reject the report in plenary. This was not compatible with German law.

Late Payment Regulation: ‘Not compatible with German law’

Sign up now and continue reading immediately