Bill of exchange
Bills of exchange: managing the unexpected (non-payment, loss, theft, stop payment)
By Yasmine EDDAM11 April 2025While the bill of exchange offers guarantees to secure payment, it does not eliminate all risks. Persistent non-payment, physical loss of the document, theft or other incidents can occur and seriously complicate the creditor's situation. How can you react effectively in these circumstances? Bill of exchange law provides specific mechanisms for asserting rights, but it also contains pitfalls that can lead to their loss. When a bill of exchange is not paid on the due date, or if an incident such as loss or theft occurs, it is essential to be aware of the steps to be taken and the time limits to be respected. This article details the remedies available in the event of non-payment, the procedures to follow if the bill of exchange disappears, and the very strict rules governing stop payment. When the drawee fails to pay the bill of exchange...
Day-to-day bills of exchange: payment, due dates and managing unpaid bills
Commercial, business and competition law, Bills of exchangeOnce a bill of exchange has been created and can be circulated, it reaches its natural conclusion: payment. This is the point at which the beneficiary, or final bearer, receives the promised sum of money. But how does this payment actually take place? What are the rules to be observed regarding maturity and...Bills of exchange explained: how to create them and avoid the pitfalls
Commercial, business and competition law, Bills of exchangeThe bill of exchange, also known as a draft, remains a financial instrument commonly used in the French business world. Frequently used in commercial relations, it facilitates payments and organises credit between companies. However, its handling is technical and its precise rules are sometimes misunderstood. Here is a...Securing your payments by bill of exchange: the key role of provision and acceptance
Commercial, business and competition law, Bills of exchangeWhen a company issues or receives a bill of exchange, the question of payment security inevitably arises. Unlike a simple invoice, a bill of exchange incorporates specific legal mechanisms designed to strengthen the confidence of the beneficiary and successive bearers. Understanding these mechanisms is fundamental to...
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