Today is the twentieth anniversary of a law you’ve probably never heard of: the UNCITRAL Model Law of Electronic Commerce (1996). To celebrate, Irving Law has published two blog articles, one on LinkedIn Pulse and one on the website of the Eureka Law Network.
So, what’s this law about? It is the set of rules that sets up the conditions for the acceptance of “electronic signatures”, the way that people verify who they are online or via electronic communications in the same way that pen-and-ink signatures do. Just think of all of the things you do online: pay bills, deposit and withdraw funds from your bank, buy things. None of this would be possible if the other parties to those transactions didn’t know who you are, and, to be able to do that reliably, the law has to set up rules for what level of authentication is satisfactory.
Australia adopted a law on electronic signatures in 1999, and about 20 other countries have implemented the 1996 model law, as has the entire group of EU countries. Find out more about this important law by reading our articles linked above.