"cross-border cheques" being those paper cheques defined in the Geneva Convention providing uniform laws for cheques of 19 March 1931 drawn on an institution located within the Community and used for cross-border transactions within the Community;

This Directive should be limited to payments made as remuneration for commercial transactions and does not regulate transactions with consumers, interest in connection with other payments, e.g. payments under the laws on cheques and bills of exchange, payments made as compensation for damages including payments from insurance companies.

The provisions of Article 53 of the present Law shall also apply to a plea against a decree for execution on the basis of an authentic document, with the proviso that in disputes involving bills of exchange or cheques the deadline for lodging a plea shall be three days.