Мястото на плащане като критерий за определяне на приложимото право към задълженията на платеца по менителница и издателя на запис на заповед
Place of payment as a criterion to determine the law applicable to the obligations of acceptors under bills of exchange and issuers of promissory notes

Summary/Abstract: This article highlights the problems under art. 563, par. 1 of the Commerce Act („CA”) of determining the law applicable to the obligations of acceptors under bills of exchange and issuers of promissory notes („main obligors”) when the place of payment (being the statutory criterion to determine the applicable law) is not specified on the document. It is argued that the qualification of the place of payment – under Bulgarian law should be made in a flexible manner and if the place of payment cannot be determined under CA that place must at the habitual residence of the main obligor. Arguments have been presented for a statutory change by supplementing an alternative criterion in art. 563, par. 1 CA, for determining the applicable law, which is proposed to be „the place of signing”.

• Details
• Contents