Payment gridlocks: audit of payment deadline solutions

Solutions

Recently, the President of the Office of Competition and Consumer Protection (UOKiK) has been very active in the field of the so-called payment gridlocks. Under the law, a fine may be imposed for excessive delays in payments in commercial transactions. In recent months, the President of UOKiK has initiated a number of proceedings against large enterprises on this account. In addition, by 31 January 2021, large enterprises (with a turnover above EUR 50,000,000) must submit reports on payment deadlines applied in transactions with business partners.

Recently, the President of the Office of Competition and Consumer Protection (UOKiK) has been very active in the field of the so-called payment gridlocks. Under the law, a fine may be imposed for excessive delays in payments in commercial transactions. In recent months, the President of UOKiK has initiated a number of proceedings against large enterprises on this account. In addition, by 31 January 2021, large enterprises (with a turnover above EUR 50,000,000) must submit reports on payment deadlines applied in transactions with business partners.


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Audit of payment deadline solutions

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Krzysztof Zięba

Krzysztof Zięba

Attorney at Law, Partner, Head of FMCG, Retail & Automotive and Trade & Distribution Law Practices

+48 660 765 928

k.zieba@kochanski.pl

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