Regulatory Alerts2010-01-01
Law No. (7) of 2010 Amending Certain Provisions of the Commercial Law Issued by Law No. (27) of 2006
The State of Qatar, through Emir Hamad bin Khalifa Al Thani, issued Law No. 7 of 2010 to amend Article 580 of the Commercial Law (Law No. 27 of 2006) regarding cheque payment obligations and bank liability for early payments. The amended provision mandates that cheques are payable upon presentation, validates post-dated cheques presented before maturity, and holds banks liable for damages if they pay such cheques prior to the specified date. All relevant authorities are directed to implement this law effective May 12, 2010, with publication in the Official Gazette.
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