A new law that will formally recognize transactions and contracts made through computers is now being drafted officials say.
Sri Lankan law does not recognize digital signatures.rn
rnAs a result Sri Lankan companies may not be able to make the best use of information communications technology with their counterparts abroad.rn
rnThe new law is expected to give legal credence to electronic contracts.rn
rnldblquote All that the Electronic Transaction Law does, is to recognize the contracts, the agreements between people which are entered into through the computers,
dblquote Dr. Wikrema Weerasuriya the legal advisor for the Financial Reform Committee says.rn
rnldblquote Otherwise how do you recognize a computer signature, how do you recognize an e-mail? Many people enter into contract with foreign countries and foreign organizations through the computers. We have to give legal recognition to such contracts.
rnOfficials say the law can be introduced fairly quickly. rn