The government wants to take structural action in the face of the current economic situation. Adopted by the Government Council on 24 September, draft law 39.20 amending Article 314 of the Commercial Code drastically reduces the amount of tax fines to be paid to settle cheque payment incidents.
A change explained notably by the increase in the number of payment incidents, due in part to the economic and social impact of the Covid-19 health crisis and the resulting financial difficulties.
In the face of this situation, which risks worsening and threatening the credibility of the cheque as a means of payment in commercial transactions, the decision to amend the Commercial Code comes at just the right time, since it will make it possible to revise the exorbitant rates applied to settle these incidents, which prevent the people concerned from becoming bankable again, and to quickly bring traders back into the economic cycle.