Although electronic banking is rapidly overtaking direct bank-to-customer and bank-to-bank contact and seems to be moving forward without serious problems the law governing this telecommunication-based business is not always clearly defined in relation to certain issues that arise with ever-greater frequency especially in cross-border transactions. This is the first book to investigate and present the applicable legal consensus for each of these important issues based on existing legislation and relevant judicial decisions. The legal issues in question arise from such events activities and actualities as the following all of which are treated in this book: determination of local jurisdictionapplicability of contractual obligations probative value of digital documentselectronic evidenceelectronic moneyprotection of privacyday-trading facilitiesweb marketing of lending services electronic bills of ladinginternet stock offeringselectronic determination of titleoutsourcing of electronic banking functions eighteen outstanding authors bankers lawyers and academics contribute their expertise to elucidate the issues and their implications. They draw their legal analyses from international norms such as the uncitral model law relevant ec directives and draft directives the united states uniform electronic transaction act ueta and e-sign act and other national laws as well as from numerous court decisions in europe and the united states. The essays are based on papers originally pr...
