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Late paying client based in Europe: does the legislation apply?

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12 years 3 months ago - 12 years 3 months ago #756 by JH
If it was a company in the UK, I'd definitely have the taste for it and I've done it before and won. The cross border legal process intimidates me though. And anyway, I spoke to them yesterday and we were able to reach a compromise. He accepted that I'd not been informed adequately of their payment terms at the outset. He agreed to bring the payment forward to next week. I can now relax.

RE the upcoming amendment to the Eu directive... I read through as best I could and if anything, it seemed to fall slightly in favour of the debtor. Being able to recover fees that you've spent on debt collection or solicitors is great though. Debt collection fees are apparently between 5 and 10% of the outstanding amount collected, which would deter me from that route currently. If you combine being able to recover the cost of a solicitor with the free initial consultations available from Lawyers For Your Business, that's looks like a decent amount of help available out there. Still, I'd like to see it in EU/UK law that 30 days is the maximum time in a contract unless explicitly agreed otherwise by the creditor.

Thanks again David.

D.

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