Convention on the Stamp 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 clarifies Stamp Laws related to bills of exchange and promissory notes. In short, the obligations arising out of a bill of exchange or a promissory note are not be subordinated to the observance of the provisions concerning stamps.

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 for the Settlement of Certain Conflicts of Laws in Connection with Bills of Exchange and Promissory Notes with Protocol (Geneva, 7 June 1930). These two Conventions supplement the present Convention; therefore it is useful to become a State party to all three Conventions.

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