31Under paragraph 1 of Article 4, Member States are to ensure that, in such commercial transactions, a creditor who has met his or her obligations, and who has not received the amount owed on time, has the right to obtain, upon expiry of the period laid down in paragraphs 3, 4 and 6 of that article, statutory interest for late payment, without the necessity of a reminder, unless the debtor is not responsible for the delay (judgment of 16 February 2017, IOS Finance EFC, C‑555/14, EU:C:2017:121, paragraph 27).
Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.