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Laurynas Ramuckis 2118 02/02/04 La of E-Commerce; Prof. J. L. Basset The Main Features and Difficulties Regarding the Regulation of E-Commerce A narrow definition of the Electronic Commerce reads that an internet transaction is the sale or purchase of goods or services, whether between businesses, households, individuals, governments, and other public or private organizations, conducted over the Internet. The goods and services are ordered over the Internet, but the payment and the ultimate delivery of the good or service may be conducted on or off-line. 1 E-Commerce is an entirely new form of doing business, which ignores international borders of states. Traditional approach to commerce is yet more popular among the companies and individuals, however recent growth in electronic transactions creates a need for legislation and regulation of such commerce. Regulation of e-commerce faces two major disadvantages, first it involves a fast changes in the scope of e-commerce with changing technologies, and...

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