Interest rates

Lucembursko
Obsah zajišťuje
European Judicial Network
Evropská soudní síť (občanské a obchodní věci)

1 Is "statutory interest" provided for in the Member State? If so, how is "statutory interest" defined in this Member State?

The statutory interest rate is the interest rate set annually by law and applied in the event of late payment of a sum due, if no other rate has been agreed on previously by the parties.

2 If yes, what is the amount/rate and legal basis for it? If different rates of statutory interest are provided for, what circumstances and conditions apply?

Since the law of 18 April 2004, which transposed Directive 2000/35/EC of 29 June 2000, the interest rate for late payment in commercial transactions (i.e. transactions between undertakings or between undertakings and public authorities which lead to the delivery of goods or the provision of services for remuneration) is determined separately, by reference to the marginal rate resulting from the variable-rate tender procedure for the main refinancing facility applied by the European Central Bank to its most recent, main financing operation carried out before the first day of each six-month period. In the event of late payment, this rate is to be increased by the margin (unless otherwise specified in the contract, in accordance with Section 3 of the amended law of 18 April 2004 on late payment and late payment interest rates).

3 If necessary, is there further information available on how to calculate statutory interest?

/

4 Is there free online access available to the legal basis mentioned above?

LEGILUX

Ministry of Justice

Last update: 28/02/2020

The national language version of this page is maintained by the respective EJN contact point. The translations have been done by the European Commission service. Possible changes introduced in the original by the competent national authority may not be yet reflected in the translations. Neither the EJN nor the European Commission accept responsibility or liability whatsoever with regard to any information or data contained or referred to in this document. Please refer to the legal notice to see copyright rules for the Member State responsible for this page.
Member States in charge of the management of national content pages are in the process of updating some of the content on this website in the light of the withdrawal of the United Kingdom from the European Union. If the site contains content that does not yet reflect the withdrawal of the United Kingdom, it is unintentional and will be addressed.

Zpětná vazba

Formulář níže můžete použít k zaslání vašich připomínek týkajících se nové podoby portálu

.