Anyone with legal knowledge?

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nismo
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Anyone with legal knowledge?

Post by nismo » Wed Apr 01, 2009 2:40 pm

Does anybody have any information on a "Bill of Exchange Act" in Finland?
How about the definition of "Act" (Statute)?



Anyone with legal knowledge?

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Pursuivant
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Location: Bath & Wells

Re: Anyone with legal knowledge?

Post by Pursuivant » Wed Apr 01, 2009 5:18 pm

=> www.finlex.fi but i don't know what you are after really?
I means theres different laws on things, like theres one law on checques, one law on bonds and such, one law on banking...
"By the pricking of my thumbs,
Something wicked this way comes."

nismo
Posts: 106
Joined: Thu Feb 08, 2007 1:49 pm
Location: Oulu

Re: Anyone with legal knowledge?

Post by nismo » Thu Apr 02, 2009 12:26 pm

Yeah, sorry that was a bit vague there :)

I'm looking for the definition of what actually constitutes a valid bill of exchange, for instance, one of the criteria is that it must be have the signature of the person who issues the bill (drawer). I think that it's the same the world over, as Finland ratified some treaty (can't remember off hand which one) which contained these definitions, I was just hoping to read the actual statute. My life's a lot of fun :roll:

Upphew
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Re: Anyone with legal knowledge?

Post by Upphew » Thu Apr 02, 2009 1:24 pm

"What Does Bill Of Exchange Mean?
A non-interest-bearing written order used primarily in international trade that binds one party to pay a fixed sum of money to another party at a predetermined future date."

I haven't seen anything like that, but I have seen contracts and other agreements which bound "one party to pay a fixed sum of money to another party at a predetermined future date". Of course I don't have much experience about international trade... in domestic trade I have seen only loans or other agreements that have clauses about payment. And of course creditor can sell or transfer the dept to other party (unless forbidden in contract). Also clauses and laws may differ if its B2B or B2C.
So my (Finnish) view is: why would I need "Bill Of Exchange" instead of IOU or contract?

ps. IANAL
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Pursuivant
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Re: Anyone with legal knowledge?

Post by Pursuivant » Thu Apr 02, 2009 2:46 pm

nismo wrote:Finland ratified some treaty (can't remember off hand which one) which contained these definitions
Would help, as the treaties are generally available...
"By the pricking of my thumbs,
Something wicked this way comes."


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