Payment Terms: The Government excludes Very Small Enterprises

The Competition Council has issued an opinion concerning draft law No. 69-21 relating to payment terms. This text will modify and complete the Commercial Code. The Head of Government, Aziz Akhannouch, is required by the law governing the Competition Council to seek the opinion of the latter, in particular on matters related to prices. The regulator gave a “favorable” opinion, but it’s “subject to reviewing” Articles 1, 2, and 3 of the draft law. Its proposals are based on “competition concerns”. The proposals of the Competition Council also aim to “improve” the legislation so as to make it “more effective”.