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2009/0054(COD)COM(2009)126

Late Payment in Commercial Transactions Directive

Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on combating late payment in commercial transactions (Recast) Implementing the Small Business Act

Stage
In force, reached 23 Feb 2011
In force
In force since 15 Mar 2011 · CELEX 32011L0007
Transposition deadline
16 Mar 2013
Procedure
Directive · Ordinary legislative procedure
Last activity
15 Mar 2011

Summary

Generated

Directive 2011/7/EU, in force since 2011, caps payment periods at 60 calendar days between undertakings and generally 30 days where the debtor is a public authority. Creditors get statutory interest of at least 8 percentage points over the ECB reference rate, plus a fixed EUR 40 recovery-cost sum. Member States had to transpose Articles 1-8 and 10 by 16 March 2013.

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Sources: EP Legislative Observatory · EU Law Tracker · EUR-Lex. Record as of 12 Oct 2026. Something wrong on this page? Report an error.

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