E-commerce

EBA recommendations on cloud computing | time.lex
E-commerce

The European Banking Authority (EBA) has drafted recommendations aiming to provide guidelines for institutions on cloud computing. They are addressed to, in specific, credit institutions, investment firms and public authorities.

European Commission | time.lex
E-commerce

time.lex has just completed a study for the European Commission, examining legal prerequisites for cloud computing SLAs across the EU. This study has now been published, and includes a cloud computing SLA template, including explanatory comments.

Internet Payments' Security | time.lex
E-commerce

In mid December 2014, the European Banking Authority published its final guidelines on the security of internet payments. They set out the minimum security requirements that Payment Services Providers in the EU will be expected to implement by 1 August 2015.

EMEA Top Tier Firms 2017 | time.lex
E-commerce

The Web’s enormous potential for procuring, selling and marketing products and services is clear; e-commerce in the EU has developed into big business in a relatively short-space of time, with companies able to offer their products and services with greater ease than before. Amidst this apparently unstoppable trend, time.lex sets out 7 of the legal challenges currently facing e-commerce in the EU.

The lawyer's deed in Belgian law | time.lex
E-commerce

Belgian contract law is in principle relatively flexible, and allows private parties to conclude contracts using whatever means they deem appropriate (notwithstanding a series of formal restrictions for certain formal types of contracts). However, this flexibility also has its downsides: private parties are not always fully informed of the legal consequences of their agreements, and certain key information (including basic data such as the date of signing, entry into force, or even the exact identification of the parties) is sometimes missing, leading to needless discussions.

Belgian legislation on e-invoice & e-archiving | time.lex
E-commerce

The federal Belgian council of minsters recently approved a draft proposal that will be submitted to the Parliament in September. It aims at further simplifying electronic invoicing and archiving for paper and electronic invoices. The draft law implements the European Directive 2010/45/EC of 13 July 2010 amending Directive 2006/112/EC on the common system of value added tax as regards the rules on invoicing. The goal is to have the new rules in place as from 1st January 2013.

Bitcoin | time.lex
E-commerce

Edwin Jacobs takes a look at the legal challenges surrounding Bitcoin.