Regulatory Alerts2022-10-06
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Law of the Republic of Azerbaijan on Joining the Convention Providing a Uniform Law for Cheques
The Milli Madjlis of Azerbaijan, signed by President Heydar Aliyev, enacts accession to the 1931 Convention Providing a Uniform Law for Cheques. This legislation integrates standardized international rules governing cheque form, endorsement, avals, presentment deadlines, and crossed cheques into the national legal framework. Taking effect upon publication, the law harmonizes domestic banking practices with global standards while permitting specified reservations during ratification.
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