Late payment

In the current climate, it is more important than ever for businesses to make sure that their customers are paying invoices promptly and that they have robust cash collection procedures. Late payment of invoices can have a significant impact on a business’ cash flow and their financial stability.

There are a number of different ways that you can minimise the risk of late payment. These include carrying out a comprehensive due diligence exercise at the outset of your dealings, making sure that you regularly review your terms and conditions and acting quickly if payment is not received.

The below factsheet was prepared jointly by our Corporate and Dispute Resolution teams and covers these points in more detail and gives practical advice as to how you can maximise your chances of prompt payment (click here or on the factsheet to view full-screen).

Late Payment

If you need any assistance in respect of issues covered in our factsheet, please do get in contact with our Corporate Team or Dispute Resolution Team. They can be contacted at or