CASE COMMENT: RESTRICTIVE PRACTICES - TERMS OF PAYMENT

Delay of payments: The French Competition Authority renders sixteen advices on the compliance of specific sector agreements with the compulsory terms of payment

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. Conc. 16 opinions on requests for derogatory payment periods It can only be noted that the option of temporarily derogating from the mandatory payment periods introduced by the Law on the Modernisation of the Economy (LME) has been widely used by operators. The EML provided for the possibility for professionals in a sector of activity to decide jointly to derogate from the mandatory time limits either by reducing them or, on the contrary, by providing for maximum payment periods longer than the legal time limit. Unsurprisingly, it is this second possibility that has met with the greatest success since, to date, 34 derogatory agreements have been signed,

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Mireille Dany, Delay of payments: The French Competition Authority renders sixteen advices on the compliance of specific sector agreements with the compulsory terms of payment, September 2009, Concurrences N° 3-2009, Art. N° 27921, pp. 97-99

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