Database on German and European Economic Law

 Directive 2011/7/EU

I. Description

Late payment by public administrations undermines the credibility of policies and contradicts declared policy objectives to provide for stable and  predictable operating conditions for enterprises and foster growth and employment. Given the importance of public procurement in the EU (more  than 1,943 billion euro per year), late payment by public authorities has a strong negative impact on enterprises, notably SMEs. Many public authorities do not face the same financing constraints as businesses and late payment in their case is avoidable. It should therefore be more  severely sanctioned when it occurs. Moreover, diverging payment attitudes across the EU might hamper business participation in public tenders, which not only distorts competition and undermines the functioning of the internal market, but also reduces the capacity of public authorities to get best value for tax payers' money. Accordingly, this directive aims at improving the cash flow of European business which is particularly important in  times of economic downturn. It also aims at facilitating the smooth functioning of the internal market via the elimination of related barriers to cross-border commercial transactions. It will achieve this by providing creditors with instruments that enable them to fully and effectively exercise their rights when paid late and by confronting public administrations with measures that effectively discourage them from paying late.

II. General Information

Title

Directive 2011/7/EU of the European Parliament and of the Council of 16 February 2011 on combating late payment in commercial transactions

Status
Existing
Directive
2011/7/EU
Source
O.J. EU No L (Legislation), Edition 48, Year 2011, p.1
Adoption
02/16/2011
Promulgation
02/23/2011
Character
Regular Act
Legal Basis
Art. 114 AEUV
Legislative Procedure
Codecision procedure

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text :
Directive 2011/7/EU of the European Parliament and of the Council of 16 February 2011 on combating late payment in commercial transactions

  2011/7/EU

Beschluss:
02/16/2011 (A)
Verkuendung:
02/23/2011 (P)
(A) Adoption | (P) Promulgation

2. Legislative History

Datum
Typ / Titel
Textfassungen
10/20/2010
Report of the European Parliament - 1st reading
12/17/2009
Opinion of the European Economic and Social Committee
2010/C 255/07
04/08/2009
Proposal
2009/0054 COD

3. Legal Impact

Auswirkungstyp
Richtlinie
Textfassungen
Amendment
  Directive 2000/35/EC

Legend

Legislative Act Status

Documents

This page is available in other languages.

Admin Navigation

Diese Seite durchsuchen

Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions
2. Legislative History
3. Legal Impact