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ARTICLE · 30 MAY 2012

Regulations Brought By The New Cheque Law

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Cheque Law numbered 5941 was published in the Official Gazette dated December 20, 2009, numbered 27438 ("2009 Cheque Law").

TurkeyFinance and Banking
Bener Law Office
Bener Law Office

Cheque Law numbered 5941 was published in the Official Gazette dated December 20, 2009, numbered 27438 ("2009 Cheque Law"). The clauses regarding amendments in the Cheque Law numbered 6273 ("New Law") were accepted on 31.01.2012 and act to amend Cheque Law number 5941. The New Law was published in the Official Gazette dated February 03, 2012, numbered 28193 and entered into force on that date.

With this amendment, a highly significant element impacting business life, "consequences of the usage of cheques", has been rearranged and important developments which will affect many economic activities were brought in with this New Law.

The Turkish Grand National Assembly Justice Commission explained the grounds for the amendment of the Cheque Law numbered 5941 as follows:

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