LEGAL AND ECONOMIC PERSPECTIVES ON THE LEGAL PENALTY INTEREST

LEGAL AND ECONOMIC PERSPECTIVES ON THE LEGAL PENALTY INTEREST

The legal evaluation of the penalty interest, meaning the ex lege determination of its level is applicable only in the case of non-fulfillment of a monetary payment obligation. The applicability of the system of legal evaluation of the interest is generally determined by the absence of a document t...

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Bibliographic Details
Main Authors:	Rodica Diana APAN, Simona SABOU
Format:	Article
Language:	English
Published:	Romanian Foundation for Business Intelligence 2014-06-01
Series:	Cross-Cultural Management Journal
Subjects:	Putting in default Legal interest Penalty interest Reference interest rate of the National Bank of Romania
Online Access:	http://seaopenresearch.eu/Journals/articles/CMJ2014_I1_1.pdf

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