Legal aspects of internet banking related to international business transactions

Doctoral Thesis / Dissertation aus dem Jahr 2005 im Fachbereich Jura - Andere Rechtssysteme, Rechtsvergleichung, Note: 70/100, Veranstaltung: LL M International Trade Law, 61 Eintragungen im Literaturverzeichnis, Sprache: Englisch, Anmerkungen: The thesis has been written for the completion of a LL M degree in International Trade Law at the university of Stellenbosch. , Abstract: This paper focuses upon legal issues arising in the field of electronic or Internet banking. The overview of previous developments in this field and of types of e-banks will be given. It analyses existing and potential problems mainly connected with cross-border services. The issue of data protection, the right to provide services and the advertisement of e-banking services will be especially examined. The paper will evaluate current regulation and it will be shown, that there are either lacunae in such legislation, in the alternative, several important issues are left unanswered, possibly severely hindering the further progress of Internet banking. This dissertation suggests that further developing of both international and domestic legislation is crucial for banks to be able to make use of the possibilities offered by the Internet.