Late Payment of Commercial Debts (Interest) Act 1998
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Late Payment of Commercial Debts (Interest) Act 1998
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Introduction
The Late Payment of Commercial Debts (Interest) Act is a powerful tool for use in obtaining payment and obtaining compensation for late payment.
Understanding its intricacies will assist contract drafters in considering and implementing the optimal approach to its use or disapplication. It will also assist litigators and anyone dealing with a payment issue when considering the effect of the Act and in formulating claims based upon it.
This webinar will provide a detailed explanation of how the Act works together with worked examples of how to apply it, and it will draw attention to case law on its effect. It is suitable for lawyers, debts collectors and to other professionals working in the areas of property and construction, including architects, surveyors and engineers.
What You Will Learn
This webinar will cover the following:
- Brief background to the Act
- When it applies
- How it works
- How it applies to advance payments
- Its interrelationship with contractual provisions
- Remission of interest
- Compensation for debt recovery costs
This webinar was recorded on 18th June 2025
You can gain access to this webinar and 1,900+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.
