Conference on the reform of banking law

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Published: January 16, 2025

In November 2024, a reform of banking law came into force in Tunisia that decriminalises and provides for alternative sanctions in the event of the use of uncovered bank cheques, which account for around 30% of payment transactions. As a result, the IRZ organised an event-driven conference in mid-December 2024 in cooperation with the Tunisian Bar Association, the Chamber of Notaries and the Faculty of Law at the University of Tunis.

Around 40 different justice stakeholders from the judiciary, bailiffs, notaries and representatives of the central bank, who are entrusted with the implementation of this law, took part in the event. From the German side, lawyer Guido Kutscher, a specialist in banking and capital market law, explained the basics and legal relationships as well as liability regulations of cheque law in Germany. During the two-day event, the practical application of the law was discussed intensively and, at times, controversially among the various professional groups. Due to the great economic and social significance of this legal change, the event and its practice-oriented programme helped to promote understanding among the various professional groups in the implementation of the law.