Singapore's Electronic Transactions Act Expanded to Include Transferable Instruments | Jones Day
In Short The Situation: On 1 February 2021, Parliament passed the Electronic Transactions (Amendment) Bill (Bill No. 1/2021) ("Bill"). 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 including negotiable instruments, bills of exchange, promissory notes, bills of ladings and other transferable documents ("Transferable Instruments"). The Background: Electronic records and electronic signatures have gene...
Source: jdsupra.com