E-commerce

Until very recently, Belgium was one of the last EU Member States that had not yet initiated its MiCAR license application procedure. As a result,...read more.

The Consumer Rights Directive (2011/83/EU) has long been the backbone of EU consumer law: clear pre-contractual information, the now familiar right of withdrawal of at least fourteen days for distance contracts, etc.

With this new opinion, the EBA wants to clarify a few things in order to enable customers to use the new and innovative payment services offered by TPPs.

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.

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.

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.

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.

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).

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.