Tag Archives: private undertaking

The Directive on Late Payment in Commercial Transactions is Published

Directive 2011/7/EU on combating late payment in commercial transactions has been published in the Official Journal. As a general rule, the deadline for both public and private sectors to pay a bill for goods or services will now be 30 days. For business-to-business payments the general deadline is 30 days unless otherwise stated in the contract. The general deadline for public-to-business payments is 30 days.