The role of the international and regional organisations in regulation of the legal issues in the electronic commerce

Andonovski, Miroslav and Angeleski, Marjan and Dimitrova, Janka (2016) The role of the international and regional organisations in regulation of the legal issues in the electronic commerce. International Balkan and near eastern social sciences conference series (IBANESS). ISSN 978-9989-695-56-8

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Abstract

The increasingly emphasized need for global communication in the business has led to the emergence of the Electronic Data Interchange - EDI. This phenomenon begins to develop at the time when computers were first used in everyday life. For the significance of the modern electronic trades can best testify those subjects from the highly developed countries that are using them for complete execution of all transactions. When we talk about the legal issues in the e-commerce, especially we are referring to the legal issues center around the digital signature, the place and the time of conclusion of the contract, the transfer of funds, stand-by letters of credit, international arbitration over the Internet etc. For easier understanding of these terms, it is essential the uniformed rules of international and regional organizations that regulate the aforementioned issues to be taken as a basis. As in the international also and in the domestic regulations that are applicable to electronic commerce, there are many significant obstacles, so from there comes and the justification of the caution with which certain rules are formulated. Doing this it is especially important to take care not to violate the norms of the domicile law (with special emphasis on those of a peremptory nature). In this section is particularly important that the process of unification of the rules for electronic commerce it was conducted and is still conducting quite favorable because after its occurrence this area in neither country was thoroughly regulated, so that why there was no need to change some established domestic practices and adopted regulations. The above stated proves that the non-provision of uniform standards in the commercial communications is leading to uncertainty for the businesses that are going out on the electronic market. Therefore, by the international and regional organizations are taken a series of actions to bring order to this area by using the means of the legislation, which would allow the proper working of the participants in this market. Keywords: electronic, trade, law, regulation organizations.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Janka Dimitrova
Date Deposited: 16 Dec 2016 11:06
Last Modified: 16 Dec 2016 11:06
URI: http://eprints.ugd.edu.mk/id/eprint/16845

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