P’ment to debate electronic transactions bill tomorrow

Monday, 16 October 2017 01:02 - - {{hitsCtrl.values.hits}}

Parliament will take up the Electronic Transactions (Amendment) Bill for debate on Tuesday.

This amendment gives effect to the United Nations ‘Convention on the use of Electronic Communications in International Contracts’ to which Sri Lanka is a signatory. The legislation provides for legal recognition of electronic signatures, electronic records and the issue of any official document in electronic form. The amendments to the 2006 act will boost online as well as cross-border trade in keeping with the convention’s objective of using electronic communications for the formulation of contracts between parties whose places of business are in different states.