Legal concerns against auctions and securities conventions

A Japanese perspective

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

This chapter introduces the two newly emerging issues in the C2C and B2B area in the Japanese IT laws: (a) anti-fraud measures in Internet auctions and (b) treatment of the Hague Securities Convention. An auction provider's liability for a tenant's fraud beyond the freedom of contracts is not clear. If consumers bear risk, adequate disclosure should be promoted. In addition, as this issue is complex, several measures including advertisement regulations against the small business consumers and development of escrow payment techniques, should be promoted. Regarding the Hague Securities Convention, the United States pushes other countries to ratify it but the EU questions to ratify it. This chapter considers that the ratification of the Hague Convention for unifying the conflict of laws and the UNIDROIT Convention for unifying the substantive laws should be done at the same time, in order to avoid some side effects.

Original languageEnglish
Title of host publicationGlobal Information Technology and Competitive Financial Alliances
PublisherIGI Global
Pages293-305
Number of pages13
ISBN (Print)9781591408819
DOIs
Publication statusPublished - 2005

Fingerprint

Auctions
Fraud
Internet auctions
Small business
Ratification
Side effects
Risk disclosure
Payment
Liability

ASJC Scopus subject areas

  • Business, Management and Accounting(all)

Cite this

Kubota, T. (2005). Legal concerns against auctions and securities conventions: A Japanese perspective. In Global Information Technology and Competitive Financial Alliances (pp. 293-305). IGI Global. https://doi.org/10.4018/978-1-59140-881-9.ch017

Legal concerns against auctions and securities conventions : A Japanese perspective. / Kubota, Takashi.

Global Information Technology and Competitive Financial Alliances. IGI Global, 2005. p. 293-305.

Research output: Chapter in Book/Report/Conference proceedingChapter

Kubota, T 2005, Legal concerns against auctions and securities conventions: A Japanese perspective. in Global Information Technology and Competitive Financial Alliances. IGI Global, pp. 293-305. https://doi.org/10.4018/978-1-59140-881-9.ch017
Kubota T. Legal concerns against auctions and securities conventions: A Japanese perspective. In Global Information Technology and Competitive Financial Alliances. IGI Global. 2005. p. 293-305 https://doi.org/10.4018/978-1-59140-881-9.ch017
Kubota, Takashi. / Legal concerns against auctions and securities conventions : A Japanese perspective. Global Information Technology and Competitive Financial Alliances. IGI Global, 2005. pp. 293-305
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