CEBRE debate: Late payments

Please, let us invite you to a Business breakfast titled “Late payments”, which will be held in Czech House in Brussels (60, Rue du Trône) on September 30th, 2009 from 9:30 to 11:00 am. The event is organized by CEBRE – Czech Business Representation to the EU in cooperation with the Czech Permanent Representation to the EU.

On 8th of April the European Commission unveiled its proposal how to combat late payments in commercial transactions between businesses or between businesses and public authorities. It specifies, inter alia, that compensation rights for recovery costs and statutory interest may be charged when payment is not made within the contractual or legal deadline (30 days). The proposal focuses namely on public authorities responsible for extremely long delays and sets up a compensation of 5% of the amount specified in the contract after the period of payment. Will the “discriminatory” rules motivate public authorities to pay on time? How to ensure that other stakeholder - businesses but also the consumers pay according to the contractual and legal deadline? Are there any other alternatives to ensure the payments such as better procedural provisions?

These are the questions following speakers will be addressed to:

- Jiří PLECITÝ, Member of vice-president Verheugen´s Cabinet, European Commission
- Lucie ŠESTÁKOVÁ, Head of Internal Market Unit, Czech Permanent Representation
- Luc HENDRICKX, Director for Enterprise Policy, UEAPME
- Eric SONNTAG, Advisor for Entrepreneurship & SMEs BUSINESSEUROPE
- Barbara WEILER, Member of EP

More information and background documents can be found here

Do not hesitate to contact us on brussels@cebre.cz!

Invitation