International Journal of Economics and Financial Issues




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2016 The Principles of the Consumer Right Protection in Electronic Trade A Comparative Law Analysis[#352615]-363538

5. CONCLUSION
1. The legislation on electronic trade should be based on the 
following principles: The equality of the participants of 
the interactions that the principles regulate, the freedom of 
contract, unimpeded commercial activity, the free movement 
of goods, services and finances across the entire territory, the 
parties that concluded a transaction cannot doubt its reality and 
binding character solely on the ground that it was concluded 
electronically, and the guaranteed legal protection of the rights 
of the participants of electronic trade.
2. The principles of protection of the online consumers 
(Figure 2):
3. The right of the consumer to information, when conducting 
electronic trade, has to include the obligatory provision with 
the information about the supplier of the information services:
a. The official name of the supplier;
b. The geographic address of the place of the supplier’s 
registration;
c. The e-mail address;
d. The register of organizations, or another register, where 
the supplier is registered, and his registration number;
e. The presence of a license, in case this is demanded by 
law;
f. If the services, provided by the supplier, belong to a 
professional activity under regulation – there should be 
the information about the professional organization in 
which the supplier has a membership.
The obligatory information about the services, provided by the 
supplier, presumes that electronic messages that are a part of the 
information goods or services have to meet, at least, the following 
requirements:
a. Be very clearly stated;
b. The individual or organization, from whom they are 
addressed, has to be clearly identified;
c. The promotion suggestions concerning a product – such 
as discounts, awards, gifts, have to be clearly specified, 
and the conditions that are to be met in order to get them, 
have to be formulated clearly and unambiguously;
d. Advertising contests and games have to be clearly 
specified, and the formulations of the conditions that are 
necessary in order to participate in them have to be clear 
and unambiguous.
4. Electronic trade means concluding, by means of electronic 
instruments (though not limited to this), the following 
contracts: Of buying or selling, of supplying, of paid services, 
of carriage, of a loan or credit, of financing on the terms of a 
financial liability concession, of a deposit account, of a bank 
account, of payments, of storage, of insurance, of order, of 
commission, an agency agreement, of attorney management 
of property, of franchising, of general partnership, as well as 
acquiring and realizing, utilizing electronic means, other rights 
and obligations in the sphere of entrepreneurial activity.
Using the principles of the consumer right protection of the 
online consumers, due attention should be paid to providing that 
they would not create obstacles to international trade and would 
correspond to the international trade obligations.

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International Journal of Economics and Financial Issues

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