The French Competition Authority issues a favorable opinion regarding three derogating inter-professional agreements relative to the rules on payment timeframes in the toy, do-it-yourself, watch-making and jewelry sectors

Press Release published on the official website of the French Competition Authority.

Payment timeframes: The Conseil de la concurrence has issued a favourable opinion regarding the derogating agreements signed in the toy, DIY and watch making-jewellery sectors.* Referred to by the Minister of the economy, industry and employment, the Conseil de la concurrence has recently handed down a favourable opinion regarding three derogating inter-professional agreements relative to the new rules on payment timeframes, established by the law on the modernization of the economy (LME), that normally took effect on 1st January 2009. Article 21 of the LME makes an opinion from the Conseil de la concurrence mandatory relative to sector derogations, as a result of the potential competitive distortion to which they can lead. The LME reduced the payment timeframes to 45

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French Competition Authority, The French Competition Authority issues a favorable opinion regarding three derogating inter-professional agreements relative to the rules on payment timeframes in the toy, do-it-yourself, watch-making and jewelry sectors, 20 February 2009, e-Competitions Intellectual property, Art. N° 59821

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