COMBATTING LATE PAYMENTS IN COMMERCIAL TRANSACTIONS IN THE EUROPEAN UNION

COMBATTING LATE PAYMENTS IN COMMERCIAL TRANSACTIONS IN THE EUROPEAN UNION

The lack of financial discipline in payments in commercial transactions between entrepreneurs and persons of public law is a perennial problem of the European economy. Late payments cause insolvency and complicate financial management of undertakings, which greatly reduces their competitiveness and...

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Main Authors: Marijana Dukić Mijatović, Sanja Gongeta
Format: Article
Language:English
Published: University Business Academy in Novi Sad Faculty of Law for Commerce and Judiciary 2014-12-01
Series:Pravo
Online Access:https://casopis.pravni-fakultet.edu.rs/index.php/ltp/article/view/164
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spelling doaj-d44933e749f149509b7fee4124e733c02021-09-24T19:01:59ZengUniversity Business Academy in Novi Sad Faculty of Law for Commerce and JudiciaryPravo0352-37132683-57112014-12-013110-12COMBATTING LATE PAYMENTS IN COMMERCIAL TRANSACTIONS IN THE EUROPEAN UNIONMarijana Dukić Mijatović0Sanja Gongeta1The University of Business Academy in Novi Sad, The Faculty of Law for Commerce and Judiciary, Novi Sad, Serbia“Lavoslav Ružička“ University in Vukovar, Croatia The lack of financial discipline in payments in commercial transactions between entrepreneurs and persons of public law is a perennial problem of the European economy. Late payments cause insolvency and complicate financial management of undertakings, which greatly reduces their competitiveness and profitability in the market. The risk of these adverse effects significantly increased in the period of the economic crisis. This article conducts a juridical and economic analysis of European legislation on combatting late payments in commercial transactions with a special accent being put on Croatian legislation, as the youngest European Member State. https://casopis.pravni-fakultet.edu.rs/index.php/ltp/article/view/164
collection DOAJ
language English
format Article
sources DOAJ
author Marijana Dukić Mijatović
Sanja Gongeta
spellingShingle Marijana Dukić Mijatović
Sanja Gongeta
COMBATTING LATE PAYMENTS IN COMMERCIAL TRANSACTIONS IN THE EUROPEAN UNION
Pravo
author_facet Marijana Dukić Mijatović
Sanja Gongeta
author_sort Marijana Dukić Mijatović
title COMBATTING LATE PAYMENTS IN COMMERCIAL TRANSACTIONS IN THE EUROPEAN UNION
title_short COMBATTING LATE PAYMENTS IN COMMERCIAL TRANSACTIONS IN THE EUROPEAN UNION
title_full COMBATTING LATE PAYMENTS IN COMMERCIAL TRANSACTIONS IN THE EUROPEAN UNION
title_fullStr COMBATTING LATE PAYMENTS IN COMMERCIAL TRANSACTIONS IN THE EUROPEAN UNION
title_full_unstemmed COMBATTING LATE PAYMENTS IN COMMERCIAL TRANSACTIONS IN THE EUROPEAN UNION
title_sort combatting late payments in commercial transactions in the european union
publisher University Business Academy in Novi Sad Faculty of Law for Commerce and Judiciary
series Pravo
issn 0352-3713
2683-5711
publishDate 2014-12-01
description The lack of financial discipline in payments in commercial transactions between entrepreneurs and persons of public law is a perennial problem of the European economy. Late payments cause insolvency and complicate financial management of undertakings, which greatly reduces their competitiveness and profitability in the market. The risk of these adverse effects significantly increased in the period of the economic crisis. This article conducts a juridical and economic analysis of European legislation on combatting late payments in commercial transactions with a special accent being put on Croatian legislation, as the youngest European Member State.
url https://casopis.pravni-fakultet.edu.rs/index.php/ltp/article/view/164
work_keys_str_mv AT marijanadukicmijatovic combattinglatepaymentsincommercialtransactionsintheeuropeanunion
AT sanjagongeta combattinglatepaymentsincommercialtransactionsintheeuropeanunion
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