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Payment periods disallowed under the Late Commercial Payments Act: inappropriate voidness

icon 5 of July, 2018
We are accustomed to hearing the assertion that a bilaterally agreed clause contravening the statutory rule setting a time limit for commercial payments is void ab initio. But is this case when it is the supplier who has the bargaining power? And, in general, does such an assertion make sense?

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Autor/s

Ángel Carrasco – Academic Counsel

Tipology

Analysis

Areas and sectors

Corporate and M&A