The Electronic Transaction Act aims to promote electronic transactions by giving them the same legal effect as that given to transactions conducted by traditional means.
The Electronic Transaction Amendment (Electronic Transaction Agency & e-Document) Act is objective and provides for the setting up of an Electronic Transaction Agency to promote the legal status of electronic documents, including the setting of acceptable standards for their generation and retention. The Royal Decree on Electronic Transactions in the Public Sector provides for proper standards for electronic transactions between the public and private sectors. The Royal Decree to regulate e-Business Services relating to e-Transactions under the Electronic Transaction Act B.E. 2544 (2001) aims to maintain financial and commercial stability, strengthen the credibility and acceptance of e-transactions and to prevent damage to the public. An associated Royal Decree Regulating e-Payment Service Providers became effective in 2008, while the draft of another associated Royal Decree seeking to regulate certification authority is currently under consideration by the Council of State. The Royal Decree on Security Policy for Electronic Transactions aims to provide acceptable standards for security measures protecting and creating reliability in electronic transactions. Contact us for a free initial consultation.
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