3 April 2020 – The current coronavirus pandemic has made physical business meetings difficult, if not impossible. Companies who continue business operations have been forced to shift to online channels, particularly if such operations are strongly dependant on business-to-business (b2b), or business-to-consumer (b2c) interactions. During such times, e-business knowledge is crucial, including how to create legally binding contracts, how to adopt binding resolutions by and between distant parties, and how to initiate official procedures without an in-person presence.
Fortunately, the legal framework for such practices has long-existed across numerous sectors, market players, legal representatives and authorities. In some countries, citizens are already in possession of electronic signature solutions.
Our regional TMT team has put together a Non-Contact Business Landscape guide (read here), covering our 10 Kinstellar jurisdictions, providing an overview of electronic contracting, governance and procedural possibilities, focusing on selected key areas.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.