Tag #García Carrión

What are the immediate consequences of the Madrid High Court of Justice's ruling on García Carrión's appeal concerning late payments to suppliers?

García Carrión, a Spanish winery, had its €100,000 fine for late payments to suppliers reduced to €95,000 by the Madrid High Court of Justice. The court deemed the infraction "serious" but not "very serious", as the reoccurrence requirement wasn't met due to prior rulings. The winery used confirming, a financial tool to extend payment beyond the 60-day legal limit, deemed unacceptable by the court.