Client Alert
Poland: New rules aim to protect SMEs from late payments from larger companies
In the second part of our analysis on the new rules in Poland for payment terms in commercial transactions, we look at provisions set out to protect SMEs.
Until recently in Poland, large companies often used their strong market position to shift the financial burden of debt onto SMEs by neglecting to make payments in a timely fashion. The new rules seek to limit this, although the changes to the law designed to protect SMEs might be abused in practice.
To learn more about how the new rules may affect your company, please open the attached file.
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