President Petro Poroshenko signed Law of Ukraine “On Electronic Commerce”.
This Law № 675-VIII, adopted by the Verkhovna Rada of Ukraine on
September 3, 2015, establishes legal requirements and mechanisms for remote
conclusion and execution of transactions with the use of electronic information
and communication tools and technologies that will make it possible to
guarantee the legitimacy, transparency and reliability of such transactions
and, in turn accelerate the integration process into the global information
space.
In particular, the Law introduces a number of definitions that will be
applied in legal relationship with electronic transactions; it defines the
legal status of buyer and seller of goods and services in e-commerce;
establishes the obligation for a seller who distributed information about the
product, work or service to disclose and provide direct, simple and stable
access to full information on its name and location, information about the
license in case it is compulsory, information on the inclusion of taxes and
cost of delivery in the price of goods, work or services.
In addition, the law obliges all participants of relations in the sphere
of e-commerce to protect personal data received from e-documents during the
implementation of electronic transactions in the manner prescribed by Law of
Ukraine “On Personal Data Protection”.
The Law signed by the President of Ukraine takes into account basic
principles of consumer protection determined by legislation of Ukraine and
equates electronic transaction to the contract concluded in the written form.
This law should bring the Ukrainian legislation closer to the European
standards in the sphere of innovative technologies and e-commerce.
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