Kansainväliset sopimukset Luento 2 Case 2 Matti Rudanko

Lecture 2: Slides Slide sets: 2 Kansainväliset sopimukset luento 2

Case: Smart Contract: Assignment – possible points of interest fitting the general principles of contract law or rules on formation of contract and contractual liability with smart contracts the possible legislative approaches to smart contracting digital platforms as a resource in opening contracting interfaces to third parties, as happens e.g. in transfer of payments Kansainväliset sopimukset luento 2

Possible views and approaches existing legal and methodological background Contract law (proactive law, relational contract, contract as a process – dynamic contract, digital signatures, formation of contract, liability rules, consumer protection, disclosure duties) Business law, business economics and arts: contract management, strategic contracting and contract techniques, legal design and visualisation of contracts Business law & technology: blockchain technology and its legal implications (allocation of trust based risk and liability positions), disclosure duties; Internet of Things (IoT), automated transactions and Big Data, data protection and data security, digital signatures Procedural law: enforcement of contracts, especially online dispute resolution ODR Constitutional law: rule of law, access to justice and legal remedies Kansainväliset sopimukset luento 2

Topics and Issues What are smart contracts (SC) Blockchain Main characteristics Relation of smart contracting to contract law Formation of contract Interpretation of contract Contractual liability Consumer protection Legal Design, visualization of contracts Data protection, Data Security, Internet of Things (IoT) Enforcement of contract, settlement of disputes Rule of law, access to justice (constitutional law) Legislation on smart contracting SC applications (digital platforms, transfer of payments etc.) Kansainväliset sopimukset luento 2

Other Material and Further Reading http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32015L2366&qid=1486571994506&from=FI https://www.evry.com/fi/ajankohtaista/artikkelit/open-banking-transformation/ https://www.evry.com/fi/ajankohtaista/artikkelit/psd2-the-directive-that-will-change-banking-as-we-know-it/ “Blockchain – powering the internet of value” on subpage Lisämateriaalia Riikka Koulu’s article “Blockchains and Online Dispute Resolution: Smart Contracts as an Alternative to Enforcement” on subpage Lisämateriaalia Kansainväliset sopimukset luento 2