Penalties for payment backlogs are on the books, but actually punishing a company is very difficult

It has already been a year since enactment of the legislative act intended to put an end to long overdue payments piling up in the economy. And, true, the Office of Competition and Consumer Protection has commenced some 100 proceedings on authority of this law, but it yet has to issue any decisions. The sticking point, as it turns out, is in the calculations, in that the amount of any penalty is predicated upon the value of the performance not provided, and this is difficult to establish […]

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