Banking and securities law
Bearer notes: operation and rules of a discreet payment instrument
By Raphaël MORENON15 April 2025You hold or plan to issue a bearer note: this payment instrument circulates freely without naming the beneficiary, which makes it both practical and risky. This makes them both practical and risky. The legal regime for bearer notes remains specific, with rules for creation, transmission and payment that all issuers and bearers must master.
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