Easy money – new legislation for faster commercial payments, March 2013
On 16 March 2013, new legislation came into effect with the aim of combating late payments and long, contractual commercial payment terms. The new legislation has put transposed into Swedish law, an EU Directive on combating late commercial payments and is expected to bring a number of positive effects such as lower f inancing and administration costs for companies, improved conditions for sound competition and economic benefits for society as a whole.