Better Late Than Never? The Late Payment Of Commercial Debts (Interest) Act 1998 Revisited
Mondaq Business Briefing › United Kingdom Law Articles in English (2001)
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Better Late Than Never? The Late Payment Of Commercial Debts (Interest) Act 1998 Revisited
In November 1998 the Late Payment of Commercial Debts (Interest) Act 1998 was welcomed by many as another blow to the widely perceived late payment culture of the Construction Industry. The Act introduced a statutory right to interest in the event of late payment of debts due to businesses with less than fifty employees (defined by the Act as small businesses) by businesses...
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