Commission sends additional formal notice to Greece to comply with late payments directive

The European Commission on Wednesday decided to send an additional letter of formal notice to Greece regarding their national rules on late payments, which the Commission considers breach EU Directives on combating late payments in commercial transactions (Directive 2000/35/EC as amended by Directive 2011/7/EU).

The additional letter of formal notice takes into account recent jurisprudence regarding the right to seek judicial redress and rights to interest and compensation.