Convention for the Settlement of Certain Conflicts of Laws in Connection with Bills of Exchange and Promissory Notes

General Information

  1. Type: Convention
  2. Date of signature:
  3. Place of signature: Geneva, Switzerland
  4. Depositary:
  5. Date of entry into force: 01/01/1934

Category

Finance, payments and insolvency

Sub category

Bills of exchange and promissory notes

Groups

UNS

What is it about?

This Convention determines the applicable legislation in case of conflict of laws in connection with bills of exchange and promissory notes at the international level. This instrument deals with the settlement of certain conflicts of laws. Common law systems are generally incompatible with this instrument. The text compliments the Convention providing a Uniform Law for Bills of Exchange and Promissory Notes (Geneva, 7 June 1930).

Why is it relevant?

State parties offer their businesses increased stability in their international transactions by providing for predictability regarding Bills of Exchange and Promissory Notes through uniform national legislations.

Additional Information

This Convention may exist on its own; however, it is closely linked to two other Conventions signed on the same day: the Convention providing a Uniform Law for Bills of Exchange and Promissory Notes with Protocol (Geneva, 7 June 1930) and the Convention on the Stamp Laws in connection with Bills of Exchange and Promissory Notes with Protocol (Geneva, 7 June 1930). These two Conventions supplement the present Convention.

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