The President signed the law on electronic commerce

Local 5176
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Now electronic documents in e-commerce are issued on paper and are equal to handwritten documents.  The new order "On Electronic Commerce" was signed by the President of Uzbekistan on 29 September.

According to the law, the contract in electronic commerce is formalized in the form of an electronic document by agreeing on the terms of the contract between the parties using confirmation of electronic documents and (or) messages.

Sellers in e-commerce include:

• Legal entities and individual entrepreneurs engaged in retail and (or) wholesale sales of goods (works and services) on the electronic trading platform;

• Self-employed persons engaged in retail sales of goods (works, services) on the electronic trading platform.

Payments are made in the field in the following ways:

• With cash funds - providing the buyer with documents confirming that cash funds have been received through virtual terminals (E-POS) as a means of payment, as well as documents that reflect information about the seller and the sold goods. through;

• By transferring funds from a bank account - transferring funds from a bank account, including through a personal cabinet or throughout their first bike of a payment organization;

• Using electronic money - by norms of transferring funds in an electronic wallet opened in the electronic money system.

Operators of trading platforms, payment service providers, and lawful entities providing goods delivery services can implement "escrow" benefits in their information systems or bank accounts.

During the payment of the goods by the buyer, the provider of the "error" service has the right to keep the funds paid by the buyer until confirmation of the receipt of the goods.  If the goods are not delivered or do not match the description, the error service provider will return the funds to the buyer or, if the goods are accepted by the buyer, the funds will be transferred to the seller's account.

The law will come into force three months after its official publication.

Sunnatilla Abdullayev Shaxzod Nusratulloyev
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