According to article L. 441-6 of the French Code de commerce (Commercial code), penalties for late payment apply as of right, as from the date on which the payment was due.
The parties may not agree on late payment penalties in an amount less than three times the legal interest rate.
If no penalties were agreed, the penalties are calculated on the basis of the interest rate applied by the Central European Bank to its most recent refinancing transaction plus 10 percentage points.
French law prohibits the sudden termination of a business relationship with a French company, regardless of whether such relationship is based on a formal written…
In France, when a creditor has difficulty in obtaining payment, he generally proceeds, before any litigation on the merits, to a protective (precautionary or interim)…
The precautionary arrest of an aircraft in France is an emergency measure which allows a creditor, even without a final judgment on the validity of…
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PETROFF (SELARL LEGASTRAT)
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PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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