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Directive 2011/7/EU

 

I. 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
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.

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
 

II. Versions and Legislative History

 

1. Versions

  2011/7/EU
    02/16/2011 (A)
    02/23/2011 (P)

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

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(A) Adoption | (P) Promulgation
 

2. Legislative History

10/20/2010 Report of the European Parliament - 1st reading Deutsch
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12/17/2009 Opinion of the European Economic and Social Committee 2010/C 255/07 Deutsch
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04/08/2009 Proposal 2009/0054 COD Deutsch
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3. Legal Impact

Amendment  Directive 2000/35/EC
Language:
Deutsch Deutsch
English Englisch
Francais Französisch
Chinese Chinesisch

Legende

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Vorhaben Vorhaben
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Dokumente
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Overview

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

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