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The EU makes B2C contract law enter the age of data: Digital Contracts

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The EU makes B2C contract law enter the age of data By  Julien-Alexis Defromont  | May 14, 2019 09:57 Share As part of its 2015 Digital Single Market Strategy[1], the European Commission proposed modernising the rules applicable to sales of goods and introducing similar rules for the supply of digital content (such as digital films, music, e-books, applications) and digital services (such as social media platforms, on-line games, pay-per-view access to films, cloud computing, etc.). After more than 3 years of negotiations, the EU adopted a package comprising a directive on contracts for the supply of digital content and services[2] (" DCD ") and a directive on contracts for the sale of goods[3] (" SGD "), both applicable in B2C relations. Member States will have two years to transpose these directives into their national law. The primary objective of the two directives is to modernise the rules dating from directive 1999/44/EC  on certain aspe...

E-signatures: flexibility in cross-border transactions: Interesting read

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E-signatures: flexibility in cross-border transactions Newsletters October 11 2016 | Contributed by Harney Westwood & Riegels Introduction Electronic signatures (e-signatures) provide flexibility and efficiency in cross-border transactions, are virtually accessible from anywhere in the world and, given the advancements in digital signature technology, provide arguably greater security than scanning and emailing wet signatures. On July 1 2016 the European Union's legal framework for e-signatures came into effect via the eIDAS Regulation. (1) In comparison, the British Virgin Islands (BVI) passed similar legislation 15 years ago and was one of the first jurisdictions to recognise the validity of e-signatures and electronic records. The BVI Electronic Transactions Act 2001 sets out the requirements for a legally binding e-signature under BVI law. This recognition of e-signatures along with other BVI statutory developments (eg, simplified requirements for th...