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Late Payment of Commercial Debts (Interest) Act

Language: English Series: Contract Journal ; 396(6201) 11 November 1998, 8 | Building Trade and Industry ; 14(11) November 1998, 2(2)Publication details: 1998Subject(s): Summary: From November 1998, certain enterprises will be legally entitled to claim interest if another company is late in paying its bills. However, it is not yet clear when the new legislation will apply to the construction industry.

From November 1998, certain enterprises will be legally entitled to claim interest if another company is late in paying its bills. However, it is not yet clear when the new legislation will apply to the construction industry.