Notification and Demand Letter أخبار وتقارير

ملخص الجهاز:

For example, Article 290 of the Commercial Law states: «In case of refusal to pay the amount of the bill, it must be established within ten days from the due date by a writing called a protest of non-payment» And Article 284 stipulates: «The holder of a bill that has been protested due to non-payment must, within ten days from the date of protest, inform the person to whom the bill was transferred by means of an official notice or two copies of registered mail» And Article 285 considers the starting point for the action of each endorser to be the date of receiving the aforementioned notice. Therefore, the date of serving the protest has not been considered by the legislator as a source of judicial or legal effect such that the serving officer would have the duty to specify it at the bottom of the protest, or perhaps to observe conditions similar to those mentioned in Article 97 of the Civil Procedure Law. Considering the articles of the Commercial Law, the conditions for serving a protest are limited to the following two cases: A- Service must be made at the residence of the party. Article 293 of the Commercial Law states in this regard: «The protest must be prepared in one copy and, by order of the court of first instance, shall be served by the enforcement officer at the residence of the following persons: 1- The drawee: 2- Persons designated in the bill of exchange for payment when necessary: 3- A third party who has accepted the bill...