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    Combating Late Payments In Commercial Transactions - Exceptions

    The general rule of the newly adopted Law on the Terms for the Settlement of Monetary Obligations in Commercial Transactions is that all payments between business entities have to be settled within 60 days and where the debtor is a subject from the public sector, the maximum agreed period for payments is 45 days.
    Corporate/Commercial Law
    Karanovic Nikolic
    Karanovic Nikolic

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