UN REGULATION ON ELECTRONIC CONCLUSION OF COMMERCIAL CONTRACTS
UN REGULATION ON ELECTRONIC CONCLUSION OF COMMERCIAL CONTRACTS

Summary/Abstract: Significant industrial development and the creation of nation-states in the 19th century influenced, among other things, exposing the need to establish, and thus regulate, international relations in the economic field. Notwithstanding the lack of consensus regarding the definition of international economic law, it is undeniable that it is a legal category, which is only prima facie very similar to commercial law as a branch of positive legal rights which exist in every state. Technological development in the field of electronic communications has opened enormous possibilities, among other things, in the way of concluding agreements in the field of international economic relations. By the nature of the matter, in this case emerged a need to address the many dangers and problems that are primarily related to the possible misuse of the veracity of the expression of subjects who enter an agreement, which includes a variety of technical details such as the electronic signature and others. Model Law is an important source of international law which does not exist at all in the domestic commercial law.

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