Basic E-Business Legislation and RegulationFiled Under: General
Companies doing E-Business activities are not operating in an unregulated world. The old rules still apply in new digital environment. And new statutes and regulations aimed at digital violations are quickly emerging. When it comes to regulations, however, ignorance is not bliss. Advertising, sweepstakes, unsolicited commercial e-mail (Spam), trade regulation compliance, securities laws, tax regulatory compliance, and other regulatory issues all can pose significant challenges for E-Business. Doing E-Business activities in a borderless medium raises special challenges, given that many jurisdictions have inconsistent laws regulating E-Business, e-commerce, e-signatures, etc.
At the core of all of E-Business activities is the fundamental question: “Is it legal?” And the answer to that question will depend on what law applies and how online activities are structured. Yet determining what law applies is easier said than done when transactions are being conducted in what is essentially a borderless medium. At the same time, the Internet is profoundly changing the law that applies to these business activities.
The law that governed our transactions six months ago may not be the law that governs our transactions today or, even if the prior law is still relevant, it may apply in ways we never contemplated because of legal developments in the interim (Zoellick, 2001). Many countries have already enacted numerous statutes and regulations related to some aspect of E-Business activities. In some cases, these laws represent an experiment designed to anticipate and resolve issues that have not yet arisen, and in other cases these laws represent significantly conflicting approaches to a common set of issues. Some of the outmost areas of regulation and legislation in the digital economy cover several key issues:
Taken From : Digital Economy – Impacts, Influences and Challenges
- Permalink
- Master
- 22 Jul 2009 5:46 AM
- Comments (1)
August 26th, 2009 at 2:41 am
[...] Type of system offers the most complete and thorough mapping utilities. You will often find extended or subscribe to this feature with a system that offers important information about the daily weather, traffic, and problems of development in the areas where you travel along the route even going to offer an alternative to avoid potential delays along the route. You can buy systems that have both a map that has been taken or to ask you online to download a map of the system will be used. This system is usually not only offers a very detailed way in, but also information about the landmarks you’ll see along the road. They are the best to buy that will be very dependent on them for the trip and the details of the instructions. [...]