Highlights - Combating late payment in commercial transactions - Committee on the Internal Market and Consumer Protection

On 21 November, IMCO considered the amendments tabled to the draft report on the implementation of the Late Payment Directive 2011/7/EU. Members had tabled 114 amendments that touched upon various issues, e.g. training for SMEs on credit management and for the public sector, automatic payment of statutory interest for late payment, publication of “white” lists (i.e. the "name-and-fame" factor), factoring of credit and enhanced remedial measures (special ombudsman for late payment disputes).

In general, the shadow rapporteurs that took the floor expressed their support for the approach proposed by the rapporteur and highlighted the importance of proper implementation of the Directive. The vote in IMCO is scheduled for 6 December.