SlideShare a Scribd company logo
2012 US-China Legal Exchange
E-Commerce Legal Issues
Perspective from American Entrepreneurs

Bennet Kelley
• Initial Attempts To Regulate Focused
  On Threats To Viability Of Frontier –
  – E.g., Protecting Consumers
    So They Feel Safe On Internet
• Usually Enacted Through Consensus
  With Government & Business
Photo: © Inspe | Stock Free Images & Dreamstime Stock Photos
• Debate over whether
  Communications
  Decency Act Immunity
  should be revised?
CLIENT CONCERNS




  CAPITAL   CONSUMERS   COMPETITION
US Securities Law Rooted in
DDReaction to 1929 Stock Market
  Crash.

  Until they are traded on a public
  stock exchange, start-ups source of
  money limited to:

  •   Financial institutions
  •   Wealthy Individuals
  •   Friends and Family
  •   Debt
EMERGING
       ISSUE




Oxford English Dictionary
the practice of funding a project or venture by
raising many small amounts of money from a
large number of people, typically via the Internet.
• Only sought $100,000
• Donors received perks,
  but no equity

• JOBS Act
  In 2013, can issue
  securities to raise up to
  $1M via crowd-funding
Photo: © Inspe | Stock Free Images & Dreamstime Stock Photos
[Industry] self-regulation of privacy has
not worked adequately and is not
working adequately for Americans
consumers. We deserve far better from
the companies we entrust our data to,
and industry, as a whole, must do better.

    FTC Chairman Jon Leibowitz
• Easily Understandable Policies
• Use Consistent with Collection
• Secure and Responsible
  Handling of Data
• Access to Ensure Accuracy
• Focused Collection
• Accountability
• Federal
  – Google Pays $22.5 Million Fine to FTC (August 2012)

• State
  – California Attorney General announces creation
    of Privacy Enforcement Unit (July 2012)

  – New President of National Association of
    Attorneys General to make privacy top priority
    (August 2012)
• Blogger Disclosure
             of Paid Relationship

           • Updating DotCom
             Disclosures for
EMERGING
  ISSUE      Social Media
AFP PHOTO/ KARIM JAAFAR
• New gTLDs and
  Domain Name Issues
• Counterfeiting
  – Nearly 800 Domain Names
    Seized in last 2 years
• Cyber-Smearing
+

• Founder of Internet Law Center in Santa Monica

• Former Co-Chair of California Bar Cyberspace Committee.
  Launched effort and contributed to development of primer
  on cyber law for state policymakers.

• Host of Cyber Law & Business Report on
  WebmasterRadio.fm (Weds at 10-11AM PT).

• Publisher of Cyber Report newsletter
  which won top prize at 2011 LA Press Club Awards and
  named a top source for internet law.

• Award-winning columnist.
Internet Law Center

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Ecommerce legal exchange beijing

  • 1. 2012 US-China Legal Exchange E-Commerce Legal Issues Perspective from American Entrepreneurs Bennet Kelley
  • 2.
  • 3. • Initial Attempts To Regulate Focused On Threats To Viability Of Frontier – – E.g., Protecting Consumers So They Feel Safe On Internet • Usually Enacted Through Consensus With Government & Business
  • 4. Photo: © Inspe | Stock Free Images & Dreamstime Stock Photos
  • 5.
  • 6.
  • 7. • Debate over whether Communications Decency Act Immunity should be revised?
  • 8.
  • 9. CLIENT CONCERNS CAPITAL CONSUMERS COMPETITION
  • 10. US Securities Law Rooted in DDReaction to 1929 Stock Market Crash. Until they are traded on a public stock exchange, start-ups source of money limited to: • Financial institutions • Wealthy Individuals • Friends and Family • Debt
  • 11. EMERGING ISSUE Oxford English Dictionary the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.
  • 12. • Only sought $100,000 • Donors received perks, but no equity • JOBS Act In 2013, can issue securities to raise up to $1M via crowd-funding
  • 13. Photo: © Inspe | Stock Free Images & Dreamstime Stock Photos
  • 14.
  • 15. [Industry] self-regulation of privacy has not worked adequately and is not working adequately for Americans consumers. We deserve far better from the companies we entrust our data to, and industry, as a whole, must do better. FTC Chairman Jon Leibowitz
  • 16. • Easily Understandable Policies • Use Consistent with Collection • Secure and Responsible Handling of Data • Access to Ensure Accuracy • Focused Collection • Accountability
  • 17.
  • 18. • Federal – Google Pays $22.5 Million Fine to FTC (August 2012) • State – California Attorney General announces creation of Privacy Enforcement Unit (July 2012) – New President of National Association of Attorneys General to make privacy top priority (August 2012)
  • 19. • Blogger Disclosure of Paid Relationship • Updating DotCom Disclosures for EMERGING ISSUE Social Media
  • 21. • New gTLDs and Domain Name Issues • Counterfeiting – Nearly 800 Domain Names Seized in last 2 years • Cyber-Smearing
  • 22. + • Founder of Internet Law Center in Santa Monica • Former Co-Chair of California Bar Cyberspace Committee. Launched effort and contributed to development of primer on cyber law for state policymakers. • Host of Cyber Law & Business Report on WebmasterRadio.fm (Weds at 10-11AM PT). • Publisher of Cyber Report newsletter which won top prize at 2011 LA Press Club Awards and named a top source for internet law. • Award-winning columnist.