RECEIVABLE FOR LATE PAYMENT INTEREST

In commercial relations between the parties, where the debt is not paid at its maturity, the issue of an additional payment for late payment interest may arise. According to Supreme Court's decision, in order for a claim for late payment interest to be enforceable, it must either be expressly agreed upon in the contract between the parties or have become a commercial usage.

The mere issuance of an invoice by one of the parties reflecting late payment interest does not in itself constitute a legally enforceable claim. What is taken into account in legal assessment is whether the parties have agreed on the payment of late payment interest or whether such payments have been previously made in the course of their commercial dealings.

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