COMBATTING LATE PAYMENTS IN COMMERCIAL TRANSACTIONS IN THE EUROPEAN UNION
Сажетак
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.
Референце
Gorenc, V. et al. (2005). The comment on the Law of Obligations, RRiF, Zagreb
Gongeta, S., Belaj, I. (2012). Deadlines of fulfilment of pecuniary obligations – a new legal regulation, The Collection of papers from the 8th traditional scientific meeting “Legal days of prof. Slavko Carić, PhD”, Novi Sad, pp. 274–282
Gorenc, V. (2009). The time of fulfilment of an obligation (is it possible that an increased insolvency can be eliminated by bringing some “new” regulations referring to payment deadlines), Accounting, revision and finances (July), pp. 171–174
Gorenc, V. (2011). Deadlines of fulfillment of pecuniary obligations from 1st January 2012, Accounting, revision and finances (December), pp. 140-145
Košćak, S. (2012). Dm, is it possible? Bank, (November), (September 16th). Taken from: http://www.banka.hr/komentari-i-analize/dm-zar-je-to-moguce-41273
Peel, M. J., Wilson, N., Howorth, C., (2000). Late Payment and Credit Management in the Small Firm Sector: Some Empirical Evidence, International Small Business Journal 18 (2), pp. 17–37
Perales Viscasillas, P. (2007.) The Late Payment Directive 2000/35 and the CISG, 19 Pace International Law Review, (Spring 2007/1), pp. 125–142
Schroer, A., Neue Regelungen zum Zahlungsverzug im geschäftsverkehr 2012 (September 16th) taken from: http://www.fom.de/fileadmin/fom/downloads/Forschungsprojekte/FOM_Forschung_Newsbox_020_120615.pdf
Šonje, V., Faulend, M., Šošić, V. (2001). Insolvency: revealing the secret, HNB, Zagreb
Viscicka, S. (2010). Combat late payment in commercial transactions: the experience of the European Union, in: Aleksandras Vytautas Rutkauskas, Remigijs Počs (editor), 6th International Scientific Conference – Business and Management, Vilnius, pp. 278–285
Vukmir, B. (2006). Pecuniary obligations in commercial contracts (Article 174 of the Law of Obligations), Law and Taxes, (April), pp. 3–7
Winther Bolet, M. (2011). A legal and economic analysis on the European Commission’s Directive 2011/7/EU on late payment in commercial transactions (September 16th). Taken from: http://pure.au.dk/portal/fles/39683174/bolet_masterthesis_Final.pdf
European Commision (1998). Proposal for a European Parilament and Counsil Directive Combatting Late Payment in Commercial transactions (COM/1998/126), Brussels
European Commision (2000). The Directive 2000/35/EC of the European Parliament and the Council on Combatting Late Payments in Commercial Transactions, OJ L 200
European Commision (2011). The Directive 2011/7/EC of the European Parliament and the Council on Combatting Late Payments in Commercial Transactions, OJ L 48
Consultation Document On the Transposition into Irish Law, of the Directive 2011/7/EU of 16th February 2011 on Combatting Late Payment in Commercial Transactions (Recast), Department of Jobs, Enterprise and Innovation, (August), 2012.
Zakon o financijskom poslovanju i predstečajnoj nagodbi, (the Act on Financial Transactions and Pre-Bankruptcy Accommodations) Narodne Novine, br. 108/12, 144/12, 81/13, 112/13
Zakon o obaveznim odnosima, (Croatian Obligatory Relations Act) Narodne Novine, br. 35/05, 41/08, 125/11
Euler Hermes Economic Research Department (2012), Economic Outlook no. 1182: Payment periods in Europe: wide gaps, (May). (September 16th) taken from: http://www.oecd.org/eco/economicoutlook.htm
Intrum Justitia, (2011) European Payment Index 2011 (2014, September 16th). Taken from: http://conferencias.economico.pt/public/uploads/fles/credito/apresentacaoluissalvaterra2.pdf
Intrum Justitia, (2012) European Payment Index 2012 (2014, September 16th). Taken from: http://ec.europa.eu/enterprise/policies/single-market-goods/files/late-payment-campaign/presentations/ireland/epi2012_en.pdf
Intrum Justitia, (2013) European Payment Index 2013 (2014, September 16th). Taken from: http://intrum.crmplatform.nl/documents/IJ_EPI_2013_UK_SEC.pdf
Intrum Justitia, (2014) European Payment Index 2014 available on: http://www.intrum.com/Documents/Italy/EPI/2014/EPI_2014_ENG.pdf
Late payment regulations won`t give SMEs power, says expert, (2014, September 16th). Taken from: http://www.out-law.com/
Payment behaviour – wide disperaties, Euler Hermes (2012). (2014, September 16th). Taken from: http://www.eulerhermes.com/mediacenter/news/Lists/NewsDocuments/Presentation-Payment%20behavior-20120628-EN.pdf
Review of the effectiveness of European Community legislation in combatting late payments (2006). (2014, September 16th). Taken from: http://ec.europa.eu/enterprise/index_en.htm
Regulatory Impact Analysis – Ireland 2012 (2014, September 16th). Taken from: http://www.djei.ie/enterprise/smes/RIA_Credit_Guarantee_Scheme.pdf http://mb.cision.com/Main/8612/9583117/243252.pdf
##submission.downloads##
Објављено
Како цитирати
Bрој часописа
Секција
Лиценца
Сва права задржана (c) 2014 University Business Academy in Novi Sad Faculty of Law for Commerce and Judiciary
Овај рад је под Creative Commons Aуторство 4.0 Интернационална лиценца.
