Convention for the Settlement of Certain Conflicts of Laws in Connection with Cheques

General Detail

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

Cheques

Groups

UNS

What is it about?

The present Convention determines the applicable law in the case of conflicts of laws in connection with the international use of cheques. It settles the conflict between the law of the country where the cheque is drawn and the law of the country where the cheque is payable. Conflicts of tax or criminal law are excluded. This instrument completes the 1931 Convention Providing a Uniform Law for Cheques and regulates legal aspects that had previously not been considered.

Why is it relevant?

The present Convention is the only multilateral instrument dealing with conflicts of law in connection with cheques. It provides a regulatory framework for the international use of cheques and promotes international trade by making this method of payment faster and more secure.

Additional Information

Although independently applicable, this instrument is closely tied to the 1931 Convention Providing a Uniform Law for Cheques and the 1931 Convention on the Stamp Laws in Connection with Cheques. Therefore it is useful to become a Member Party to all three Conventions.

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