Wildgen lawyers appointed Luxembourg experts for a EC study
Dr. Eric Perru and Dr. Thomas Biermeyer have been appointed Luxembourg experts for a study on ‘Business-to-business transactions: a comparative analysis of legal measures vs. soft-law instruments for improving payment behaviour’ which the international policy consultancies Milieu and VVA Consulting were recently awarded together with the global data collection company GDCC by the European Commission (DG GROW).
The aim of the study is to provide an in-depth assessment of measures, both regulatory and voluntary, that have been put in place in the Member States to address the problem of late payment in commercial relations between undertakings (B2B). The ultimate result will be EU-wide qualitative and quantitative data that will enable the Commission:
- To assess whether the current EU legal framework on late payments in the B2B area is still fit for purpose,
- To provide public authorities, businesses and SMEs with concrete recommendations for building a responsible payment culture in the EU.