The full implementation of the Czech law is still delayed by the central bank
After a year of adopting the new Czech law, which reduces the issuance of unpaid checks and increases the likelihood of a refund, we still see the central bank and banking system failing to enforce the law in order to remain at risk.
According to the International Stone Exhibition of Iran, following the adoption of the new Czech law in November 1977, business and economic activists' hopes for increased financial security and lower risk acceptance rose significantly. The main reason is also the effective innovations of this law, which have made it costly to issue unpaid checks and to facilitate the receipt of a return check.
The main advantage of the new Czech law is to simplify the process of return checks. In the previous law, the process was costly and time consuming. At the beginning, 3.5 percent of the amount for the right to a hearing and, on the average, 10 percent for the right to alcohol were to be abandoned, and more importantly, it usually took one to two years. For this reason, individuals usually preferred to give up their rights or in some other way, such as a bankruptcy, which sometimes caused a great deal of damage to the payee or to many social damages. But under the new law, banks are required to freeze checks in other issuing accounts, even in other banks, within twenty-four hours after the repayment and non-payment of the check in the central bank system has been completed. Up to twenty days after the judicial proceeding, the balance shall be withdrawn from the exporter's account and deposited into the holder's account.
* Failure to fully implement Article 5 of the Czech Law due to the negligence of the Central Bank and the banking system
According to Article 5 of the new Czech law, the return check code must be imprinted on the check return certificate so that the judiciary can quickly enforce it and the holder of the return check will quickly obtain his right. But in the meantime, after about a year, not only does this work except for certain cases, but some banks are still unaware of the code of conduct, and the rest of the banks are handing out the code of law, which is legally It has a problem.
Journalist visits to several public and private banks indicate that employees and even managers of some banks are not fully aware of or are acting incompletely on the new Czech law. For example, one bank employee was completely unaware of the need to provide a tracking code and was not given a definitive answer when asked by the bank's deputy.
* Return to the old problems of collecting checks by avoiding systematic insertion of oppression
On the other hand, by inquiring from several lawyers aware of the matter, the consensus was that without the interception code on non-payment certificates banks could benefit from the benefits of the new Czech law, in particular the shortening of the time of examination and issuance. There is no executable. In other words, businesspeople and business activists still have to pay three and a half percent of the amount to be paid to the court and a large sum of money, still about one to two years, to go up and down the stairs so that they may be able to Get their right.
According to the report, activists and business people, as well as the public, expect that with the full implementation of the new Czech law, the path will be closed for the beneficiaries and the Czech holders will be able to use this economic tool with less risk. At the same time, the value of this economic tool will also be restored by the full implementation of the new law, leading to positive events such as a boom in production and increased entrepreneurship.
* Fars