Activities of Vicky FORD related to 2009/0054(COD)
Shadow opinions (1)
OPINION Proposal for a directive of the European Parliament and of the Council on combating late payment in commercial transactions (Recast)
Amendments (7)
Amendment 11 #
Proposal for a directive
Recital 17
Recital 17
(17) Late payment is particularly regrettable if it occurs despite the debtor’s solvency. Surveys show that public authorities often pay invoices very late after expiration of the applicable payment period. Public authorities may face lighter financing constraints because they may benefit from more secure, predictable and continuous revenue streams, regardless of whether the debtor is from the public or thane private undertakings. At the same time, they depend less than private undertakings on building stable commercial relationships for the achievement of sector. Therefore penalties and otheir aims. Consequently, public authorities may have less incentive to pay on time. In addition, many public authorities can obtain financing at more attractive conditions than private undertakings. Therefore, late payment by public authorities not only leads to unjustified costs for private undertakings, but to inefficiency in general. It is therefore appropriate to introduce correspondingly higher dissuasive compensation in case of late payment by public authoritiemeasures intended to dissuade late payment should as a general rule apply equally to both sectors.
Amendment 16 #
Proposal for a directive
Article 2 – point 6
Article 2 – point 6
(6) ‘statutory interest’ means simple interest for late payment at a rate which is the sum of the reference rate, plus at least sevennine percentage points;
Amendment 19 #
Proposal for a directive
Article 3 – paragraph 1 – introductory part
Article 3 – paragraph 1 – introductory part
1. Member States shall ensure that in commercial transactions between undertakings, between undertakings and public authorities and between public authorities, the creditor is entitled to interest for late payment without the necessity of a reminder if the following conditions are satisfied:
Amendment 25 #
Proposal for a directive
Article 4 – paragraph 1 – point c
Article 4 – paragraph 1 – point c
(c) for a debt of EUR 10 000 or more, a sum equivalent to 1% of the amount for which interest for late payment becomes payablefixed sum of EUR 100.
Amendment 36 #
Proposal for a directive
Article 5 – paragraph 3
Article 5 – paragraph 3
Amendment 44 #
Proposal for a directive
Article 5 – paragraph 4 a (new)
Article 5 – paragraph 4 a (new)
4a. Member States shall ensure that, where public services are provided by both the public and the private sector, the provisions of this Article apply to both.
Amendment 45 #
Proposal for a directive
Article 5 – paragraph 5
Article 5 – paragraph 5