Client Alert
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 open the attached file.
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