Legislation 123/2012 on combating late payments in Commercial Transactions

Written by A. Antoniades on June 8, 2023. Posted in News.

On December 2, 2022, the House of Representatives passed an amendment to Law 123(I) of 2012 on combating late payments in Commercial Transactions. In this context, the Ministry of Energy,
Commerce and Industry is designated as the supervisory authority.

Businesses wishing to submit a complaint about late payments in their commercial transactions must complete the complaint submission form which must be submitted by e-mail to the Ministry of Energy, Commerce and Industry.

For more information you can contact the competent Ministry Officers, Mrs. Maria Theodorou– 22867176 / m.theodorou@meci.gov.cy and Mrs. Maria Christina Chamberlain – 22867266 / mchamberlain@meci.gov.cy.

The Ministry’s announcement is attached as such. Legislation 1232012 on combating late payments in Commercial Transactions