amending Law No. 3 / 2004 of 29 December in establishing measures to combat late payment in commercial transactions. Set within 60 days overall between trade and payment within 30 days of payment for the public sector. collectors SEGESTION experts state that the novelty of this Act is that unfair terms agreed between the parties shall be null, therefore cease to be situations of abuse arising from the dominant position of some major companies. However, the Act provides a transitional period so that the time limit would begin to apply from 1 January
2013.
Moreover, lawyers SEGESTION recovery of debts are anxiously awaiting the "Code of good business practices" to be developed shortly by the Government to help resolve conflicts in this area.
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