Fine of €13,000 handed down against the company SA RENAULT

Pursuant to Articles L. 441-16 a) and L. 470-2 V of the French Commercial Code, a fine of 13,000 euros was imposed on Renault SA by the Ile-de-France Regional and Interdepartmental Directorate for the Economy, Employment, Labour and Solidarity (DRIEETS) for late payment of its suppliers’ invoices. These delays were noted by the DRIEETS as part of an investigation launched by the DGCCRF into compliance with the rules of the French Commercial Code on payment terms.