The organiser or retailer shall make the refunds required under II and III of article L. 211-14 or, under I of article L. 211-14, refund all payments made by the traveller or on his behalf less the appropriate cancellation costs. These refunds to the traveller are made as soon as possible and in any event no later than fourteen days after the cancellation of the contract.
In the case provided for in III of article L. 211-14, the additional compensation that the traveller is likely to receive is at least equal to the penalty that he would have paid if the cancellation had been caused by him on that date.