The European Parliament’s Internal Market Committee voted at first reading, on 28 April, on the recast of the directive on late payment in commercial transactions. The text adopted sets tougher conditions for transactions between companies: contractual payment terms may not exceed 60 days without prior agreement between the parties and provided this is not detrimental to any of the parties. The conditions for the public authorities are also stricter. Europoliticswill provide details on the vote in its next issue.