Late Payment: Court of Justice of the EU delivers key ruling on implementation of Late Payment Directive - EBC Construction

Late Payment: Court of Justice of the EU delivers key ruling on implementation of Late Payment Directive - EBC Construction

On 6 February, the Court of Justice of the European Union (CJEU) issued a key ruling with regard to the Late Payment Directive. The ruling clarifies the interpretation of Article 3(5) of the Directive on payment terms exceeding 60 days. This ruling has important implications for companies facing late payment, including payment terms that exceed the legal cap set by the Directive currently in force. The case (C-677/22) involved a dispute between …