Inter Lingua in joint action to enhance payment discipline
Inter Lingua Kft. has established a joint action group for the local suppliers of tire maker Bridgestone in order to enhance payment discipline, the translation agency said in a statement sent to the Budapest Business Journal.
Following what it said was late payment of its bills, Inter Lingua initiated legal action against Bridgestone to force it to pay interest for late payment and a fine of EUR 40 per invoice.
As reported earlier, the money was initially collected from Bridgestone Tatabánya Termelő Kft.ʼs accounts by a bailiff; recently, Bridgestone paid a seven-digit amount in interest for late payment, Inter Lingua said in its statement. The translation agency added that it had formed the joint action group in order to "enhance the discipline of payment."
Although it declined to comment on ongoing legal issues or commercial contracts, Bridgestone previously told state news agency MTI that the firm cooperates well with 750 suppliers in Hungary, buying services and products from them.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.