10:08 28.09.2015

Poroshenko signs law on e-commerce

1 min read
Poroshenko signs law on e-commerce

Ukrainian President Petro Poroshenko on September 25 signed the law on electronic commerce.

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 document 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.

The law takes effect next day after its official publication.

AD
AD
AD
AD
AD