Guarantees, Rights and Obligations in International Trade through Electronic Media
Guarantees, Rights and Obligations in International Trade through Electronic Media

Author(s): Manole Decebal Bogdan, Alisa Valeria Toma
Subject(s): International Law, Law on Economics, Commercial Law
Published by: Societatea de Stiinte Juridice si Administrative
Keywords: cyber law; law and IT companies; law and smart society; artificial law and intelligence;
Summary/Abstract: The virtual world and artificial intelligence are a daily "reality". The electronic environment defined as On-Line has taken over a large amount of commercial transactions from the classical environment. Classical trading allows you to meet your partners and negotiate directly. In the international trade from On-Line the partners are not often known and they act on a trust given by the community. Business guarantees no longer fall within the attribute of the state (community of states) that confirms the verifiable existence of the company by registering with the Trade Register and/or by fiscal registration. There is no guarantee in e-commerce! The reliable guarantee of the partner's creditworthinessis the system based on trust and the opinions of the other partners who have used transactions before. There are situations in which the provider does not exist in the form presented on the web page. There are situations in which the partner company only has an Internet domain and in reality, it does not exist. Our paper opens a number of issues that can be debated starting with the statute and the legal definition of companies that actexclusively on-line as "legal persons of private law in the online environment". We assistand participate in a new society that has no defined regulations. How, Who and When will it be able to regulate it?

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