LATE PAYMENTS
December 1st, 2002
BY KEITH NUTHALLTHE EUROPEAN Commission has launched extensive public consultation on whether there is a need for a European Union (EU) system for recovering late payments and uncontested debts in a speedy and easy fashion. Brussels is concerned that some Member States have slow legal procedures for such cases, which pose particular difficulties for companies trying to secure payment from a foreign Member State. As a result, the Commission has published a green paper on the subject and is looking for feedback. Antonio Vitorino, EU Commissioner for justice and ...
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