Legal News

The culture of late payment

The culture of late payment
Published on: 06 March 2013
Published by: LexisPSL
  • The culture of late payment
  • Original news
  • What are the key changes that are being brought forward?
  • How will this impact on the Late Payment of Commercial Debts (Interest) Act 1988 (LPCD(I)A 1998)?
  • Will the introduction of these proposals be a desirable development?
  • Are there any possible drawbacks to the changes?
  • What should lawyers do next?
  • Are there any patterns/trends emerging in the law in this area?
  • Do you have any predictions for future?

Article summary

Commercial analysis: A new EU Directive is intended to strengthen current legislation on late payment by establishing common minimum requirements to combat a culture of late payment in commercial transactions. Julian Ireland, a solicitor with EMW and a specialist in debt recovery, discusses the recent developments around late payments. or take a trial to read the full analysis.

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