Newsletter September 2016

In France we face new rules with direct influence of your debtor’s payments

Solvency check: the rule was that every company had to make his balance sheet public. Now a company with less than 51 employees and lees than 8 Mio € turnover can keep his figures hidden. In our point of view this is bad evolution in favour of those not paying their bills on time.
 

Cheque payment: the validity of a cheque is now reduced from 12 to 6 Months. You have to take care that every French person still signs more or less 37 cheques a year at least 100 times more than the Germans. 

Court procedure for unpaid bills: for small amounts it’s now possible to skip a court verdict and to get directly a verdict from a bailiff. The details about this new procedure are not hundred per cent clear.
You face the same evolution in other European countries like Croatia where the public notary is also able to provide a verdict without going to Court.