Legislative Update - Late Payment Regulations 2018 - The BESA
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Legislative Update - Late Payment Regulations 2018

A Guide to the Amendment to the Late Payments of Commercial Debts Regulations Act 2002.

Published: May 2019
Pages: 1
BESA Product Code: LC 17

On February 5th the Minister for Small Business, Andrew Griffiths, announced an Amendment to the Late Payments of Commercial Debts Regulations Act 2002. This Amendment enables a ‘representative body’ to enact legal proceedings where the Act applies. This means that, in theory, Trade Associations can now take legal action on behalf of their members in commercial disputes. The Amendment will come into force on February 26th 2018.

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