Regulating E-Commerce in Panama
The law regulating electronic commerce in the country became effective with the recent publication in the Official Gazette.
Wednesday, June 3, 2009
Gisela Alvarez de Porras, Minister of Commerce, welcomed the joint work undertaken by the Government and private sector for the regulation of this law.
The transition of the Comisión Nacional de Valores (National Securities Commission) to the new entity has been affected by administrative and legal difficulties which are causing confusion.
An Electronic Commerce Law project, recently introduced to Congress, aims to guarantee Internet transactions.
Internet sales have increased in Guatemala, although only 3.3% of the populations makes purchases online.
The "Recognition of Electronic Communications and Signatures" Law that was approved and legalizes the recognition of electronic communications and signatures.
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