Jersey Approves New E-Commerce Law, Participates In Major E-Commerce Event
Jersey is pushing
ahead in its drive to become a major offshore jurisdiction for
e-commerce. Already one of the top players in the field, there
have been further steps taken this month with a new e-commerce
law gaining a place on Jersey's statute books and, just last week,
the island's participation in a major conference on e-commerce
in Dublin, the IBC 3-day convention analysing offshore e-commerce,
which attracted business leaders and entrepreneurs from the UK
and Europe as well as other offshore jurisdictions. At the beginning
of November, the Electronic Communications (Jersey) Law 2000 received
Royal assent and is now a part of the island's law. Following
this approval, the law has been registered in the Royal Court
and is awaiting a date to be brought into effect. The Jersey Information
Society Commission (ISC), which was created by the Jersey States
to guide the policy, strategy and funding of the framework for
e-commerce and Information Technology on the island, says that
the law will be "the primary tool to oversee e-commerce in
and from within the Island." The main areas covered
by the new law are: validity of electronic transactions, data
and signatures; default rules for contract formation; admissibility
of electronic evidence; promotion of electronic government and
protection of Internet Service Providers (ISPs) in respect of
civil and criminal liability. Peter Griffiths,
Chairman of the Jersey Information Society Commission, commented
on the latest legislation: 'The electronic commerce legislation
is a highly flexible, enabling Law designed to accommodate all
aspects of e-commerce. We are very pleased that the Law has received
Royal assent and is due to go imminently before the States. It
is just one, but one very important, part of our total strategy
to provide the best possible environment in Jersey for the conduct
of e-business.' Mr Griffiths also
promoted Jersey as a e-commerce location at the IBC Offshore E-Commerce
event in Dublin last week. He gave an in-depth evaluation of the
current e-business climate and explored the advantages of offshore
jurisdictions in the e-commerce race, chairing an 'Offshore E-commerce
Panel', investigating the impact of e-commerce regulation in offshore
jurisdictions and debating solutions to comply with international
regulatory changes. Before the conference,
Mr Griffiths said: 'From the first conference of this kind, held
in New York last November, "Offshore e-commerce" has
become the definitive event for offshore jurisdictions. We are
delighted to be taking part and will be widely publicising the
message that Jersey is playing the fullest part and pursuing every
opportunity to be the leader in offshore e-commerce.' .
|
|
IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.