Where a party fails to pay the contract price or any other sum owed, the other party shall have
a right to interest on such sum, calculated on the basis of the legal interest rate applicable in
commercial transactions, without prejudice to any damages that he may be entitled to claim for
the loss suffered by him.
Interest shall accrue from the date of dispatch of the formal notice addressed to the other party
by registered letter with acknowledgement of receipt or by any other means in writing.
Official translation
Spot-checked
In force from 17 April 1997
Source page 64