The Singapore Courts Have Recognised The Provisions Of The Electronic Transactions Act (Cap.
The eta was amended in 2010 to bring the law in line with the united nations convention. February 1st, 2021 witnessed an amendment to the electronic transactions act (eta) which was passed in the singapore parliament. The key features of the amendment are:
The Long Title To The Electronic Transactions Act (Called In This Act The Principal Act) Is Amended By Inserting, Immediately After The
Electronic transactions (amendment) act enters into effect. An act to amend the electronic transactions act (chapter 88 of the 2011 revised edition) and to make consequential and related amendments to the bills of lading act (chapter 384 of the 1994 revised edition) and the contracts (rights of third parties) act (chapter 53b of. In particular, the amendment act seeks to amend the electronic transactions act (cap.
Some Seven Years Later, The United.
The singapore government introduced a bill into parliament to amend the electronic transactions act (eta) (cap. Section 8 of the electronic transactions act (the eta) states that where a rule of law requires a signature, that requirement is satisfied in relation to an electronic record if the method used: Singapore signed the convention on 6 july 2006 and ratified on 7 july 2010.
This Act Is The Electronic Transactions (Amendment) Act 2021 And Comes Into Operation On A Date That The Minister Appoints By Notification In The Gazette.
The increased use of digital documentation for international trade is set to significantly reduce costs and time spent on. Singapore’s electronic transactions act (eta) was passed in the year 1998. 88) provide that an electronic record or signature satisfies any rule of law requiring writing or signature.
Review Of Electronic Transactions Act:
The bill enables the creation and use of electronic transferable records (etrs) and expands the scope of electronic instruments afforded legal recognition under the electronic transactions act (chapter 88) (eta) to various trade documents. Further revisions to the electronic transactions act (hereinafter “eta”) were implemented in 2011. Exclusions under section 4 of the eta dear sir/madam, on behalf of barclays bank plc, singapore, we would like to submit our views/comments in relation to the above subject matter as follow: