Directive 2011/7/EU in Practice: What the €40 Recovery Sum and Statutory Interest Actually Require Before You Quote a Figure

The invoice is late. The entitlement is automatic. The number is not. A model finishes a booking. The client receives the invoice. The payment term passes. Under the EU late-payment regime, the creditor’s entitlement to statutory interest and a fixed recovery sum is automatic — it does not depend on a reminder, a warning, or …