Wolf Theiss

Poland: Missing A Payment Due Date In Commercial Transactions Will Become More Expensive

As of 1 January 2020, companies will face new regulations in Poland affecting payment terms in commercial transactions, particularly related to admissible time periods, interest rates for late payments, and compensation for debt recovery costs. Therefore, companies should review their contracts with counterparties and/or applicable general terms and conditions in order to comply with the new regulation.

 

For more information please see our Client Alert.

For further information please contact

Joanna Gąsowski
Joanna
Gąsowski
Counsel
Poland
Agnieszka Nowak-Błaszczak
Agnieszka
Nowak-Błaszczak
Senior Associate
Poland

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