Contracts: late payment of commercial debts | Practical Law
https://content.next.westlaw.com/practical-law/document/I2d08514411a611e498db8b09b4f043e0/Contracts-late-payment-of-commercial-debts?viewType=FullText&transitionType=Default&contextData=(sc.Default)
The High Court has held that the Late Payment of Commercial Debts (Interest) Act 1998 does not apply to contracts that use an English governing law and arbitration clause but otherwise have no significant connection to the UK.
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Contracts: late payment of commercial debts
Practical Law UK Articles 8-575-0445
(Approx. 3 pages)
Contracts: late payment of commercial debts
by Baker & McKenzie LLP
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Published on 23 Jul 2014
•
United Kingdom
The High Court has held that the Late Payment of Commercial Debts (Interest) Act 1998 does not apply to contracts that use an English governing law and arbitration clause but otherwise have no significant connection to the UK.