Moved by
Lord Mendelsohn
3: After Clause 3, insert the following new Clause—
“Companies: dealing with suppliers
(1) The Secretary of State may make regulations—
(a) imposing a limit on the number of days after receipt of a supplier’s invoice a company can seek to challenge that invoice,
(b) prohibiting the practice of a company seeking to change the payment terms of a supplier company unilaterally, and
(c) prohibiting a company from requiring a supplier company to make a payment in order to join that company’s list of suppliers.”