Fine of €68,000 handed down against the company NEGOCE DE NORMANDIE

Pursuant to Articles L. 441-16 a) and L. 470-2 of the French Commercial Code, a fine of €68,000 was imposed on SOCIETE DE NEGOCE DE NORMANDIE by the NORMANDIE Regional Directorate for the Economy, Employment, Labour and Solidarity (DREETS) for late payment of its suppliers’ invoices. These delays were noted by the DREETS as part of an investigation launched by the DGCCRF into compliance with the rules of the French Commercial Code on payment terms.