9 Meaning of “substantial remedy”
Late Payment of Commercial Debts (Interest) Act 1998 (1998 c 20) | Legislation

9  Meaning of “substantial remedy”

(1)     A remedy for the late payment of the debt shall be regarded as a substantial remedy unless—

(a)     the remedy is insufficient either for the purpose of compensating the supplier for late payment or for deterring late payment; and

(b)     it would

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