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    Late Payment in Western Europe, Comparative Study

    This comparative study analyses the introduction of EU Directive (2011/7/EU) on combating late payment in commercial transactions in the Netherlands, Belgium, England and Wales, France, Germany, Italy, Luxembourg, Portugal and Spain, and presents the outcome of this analysis. Topics that are addressed include statutory periods of payment, sanctions in case of breach thereof, interest rates, recovery costs, place of payment and retention of title.