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The Better Payment Practice Group (BPPG) advises businesses that the interest rate for companies wishing to apply the late payment legislation will be 12.75% for the period 1st January to 30th June 2005. For the previous period (1st July to...
In a further sign of the continued recovery of the economy, late payments and defaults by Hong Kong businesses have…
Hong Kong firms reported fewer late payments and defaults from overseas in the second quarter as the global economy improved,…
#economic outlook#exporters#payment defaults
“If Europe is becoming as harmonised as it appears, we must ask ourselves why we still see a huge difference…
The Better Payment Practice Group (BPPG) has provided new guidance for businesses struggling to get paid by customers who seem…
A survey carried out by credit management company Intrum Justicia has revealed the cost to British business of late payments…
#British business#late payment#management
Chile's Banco del Desarrollo saw first half net profits drop 5.85% year on year to 3.4bn pesos (US$4.9m), mainly due…
Whether Kmart Corp. should have paid several suppliers in the days after its bankruptcy filing has fuelled a legal fight…
#bankruptcy#Paid
Disputes over late business payments are popularly depicted as a David and Goliath struggle between a small supplier and a…
A European Commission Directive that gives businesses the right to claim interest on late payments will come into effect on…
#cash-flow#European Commission#forum
President Bush has signed into law a bill that provides tax relief to victims of Sept. 11 and includes protection…
On 20 December 2001 both houses of Congress passed HR 2884, the federal tax relief package for victims of the…