LAW No. 72 dated 28th of March 2013 to avoid delays in carrying out the payment obligations related to contracts concluded between professionals and between these professionals and contracting authorities

According to this law, the receivables regarding the contracts between individuals or/and legal entities concluded for obtaining economic benefits, generate the penalty interests.

This law also establishes the terms starting with which the penalties should be calculated, in case that the term of payment is not mentioned in the contract.

If the rate of the penalty interest is not stipulated in contracts an interest of 9.25% will be applied.

30 April 2013