Internet law Essay Example | Topics and Well Written Essays - 3500 words

Internet law - Essay Example Jurisdiction remains largely an issue with regards to internet transaction because of the intrinsic characteristics of the internet and those who uses it5. The European Union recognizing the borderless nature of internet commerce that may affect its member nations have created a body of law through the European Economic Area. Ratified and agreed on in May 1997 the European Union directive6 has provided a framework for trade in order for member states to enact similar laws that would complement the laws enacted by other European Union members that would address in part e-commerce or transactions consummated over the internet. The caveat however is that this body of laws remain enforced and effective within the European Economic Area only. For its part the United Kingdom has enacted the Consumer Protection (Distance Selling) Regulations 20007 in response to the European Union directive that covers mail order, telephone sales and other distance selling business strategy. The regulation mandates that the seller provide its potential customers with detailed information that would include the main characteristics of the goods; the price, including any taxes and delivery costs; payment arrangements; guarantees and where to address complaints about the goods. In retrospect the provisions of the law supplements the weakness of distance selling as against actual face to face commerce8. In actual face to face commerce, the buyer has the luxury of inspecting the product up close and personal. The buyer in these instances also has the benefit of taking possession of the item after he has paid all that is required to gain ownership of the item. In internet transaction or e-commerce the actual possession of the item being bought except for some items will take days if not months after the buyer has paid what is due the seller9. The following are the protected rights of e-consumers under the distance selling regulation for sellers and buyers that are both within the jurisdicti on of the European Economic Area. Unless otherwise agreed the sale and delivery of goods should be completed within thirty days. If in case the goods ordered are not available, e-consumers have the right to a refund provided that it is done within thirty days. E-consumers are also entitled to return goods within seven days from receipt and refund less the cost of carriage for items within limits10. It should be noted however that there are exceptions to this rule normally perishable goods, custom-made-goods and dated goods such as journals and publications are exempt for refund. Buyers also have the right to cancel payments for goods that have been ordered through fraud. The logic of this provision is to protect the interest of both seller and buyer in cases where losses are likely to occur because items are either unique that no other buyer will get it or items have become useless due to spoilage11. Due to the increased efficiency and convenience experienced in using the internet t o transact business more and more people gravitates towards this mode of commerce because of the ease and comfort it provides its users. The drawback however of internet transaction is the increased risk for fraud and the difficulty of recovering the money used in the transaction not to mention the prosecution of the culprits responsible12. Thus, the government fully supported an accreditation scheme for internet traders named â€Å"

The growth of Internet betting and gambling sites and the credit card Essay

The growth of Internet betting and gambling sites and the credit card companies response - Essay Example Further, law enforcement agencies state that Internet gambling is sometimes used for money laundering (Hugel & Kelly 2002: 57). However, others consider this risk as trivial concern. The jurisdictional and anonymity concerns characteristic of Internet gambling make online gambling a potentially strong means for money launderers. The small number of prosecuted instances of money laundering linked to Internet gambling is credited to oversight and a lack of solid parameters (Hugel & Kelly 2002: 58). Still, officials form the gaming and credit card industries and regulatory agencies do not consider that Internet gambling was any more vulnerable to money laundering than other forms of electronic trade (Hugel & Kelly 2002: 58). The main objective of this review is to acquire a better understanding on the different policies and procedures of the credit card industry on Internet gambling. The review is also aimed at obtaining a broader knowledge on the strengths and weaknesses of these policies, and perhaps to formulate any potential recommendations that are possible under the Constitution. To achieve this, a review on use of the U.S. payments method --- particularly credit cards, and on the ongoing debate on Internet gambling should be made. The key points are: 1) to study the legal structure for Internet gambling activities, mainly in the U.S., but also in other countries; 2) to explain the range and characteristic of the regulations and measures the credit card industry has put into practice to prohibit the use of credit cards as a mode of payment for Internet gambling; and 3) to acquire opinions on Internet gambling’s susceptibility to money laundering. Documentation on Internet gambling policies and procedures may be requested from industry representatives; however, some might be disinclined to supply written documentation due to concerns about the confidentiality of propriety regulations. This is why conducting interviews is