Legal consequences of the invalidity of a transaction made by using information technology: problems of theory and practice

  • Iryna Davydova Odesa Law Academy
  • Yurii Orzikh Odesa Law Academy
  • Georgiy Samoylenko
  • Ihor Andronov Odesa Law Academy
  • Maryna Pysarenko Odesa Law Academy
Keywords: IT-transactions, Blockchain, IT sphere, legal regulation, invalid transactions, legal norm, modern information technologies, restitution.

Abstract

The article deals with the problem of determination of the peculiarities of legal consequences of invalidity of transactions committed with the use of modern information technologies. The authors believe that the development of modern information technologies has led to the emergence of «new» and «transitional» transactions. The object of the study is completely «new» transactions (for example, IT-transactions that are concluded on the Internet, including using the Blockchain technology) and «transitional transactions», which are only partially different in form and/or manner than traditional ones (for example, electronic transactions, transactions where the object is related to the IT-environment, etc.). As to the consequences of the recognition of transactions invalid, then, in the opinion of the authors, the basis is to take the general model of recognition of invalid transactions, which provides for restitution and compensation for damage. Particular attention should be paid to the recognition of invalid IT-transactions to the «a priori validity» of such transactions, which can create significant risks for users of the blockade software platform and make it difficult to protect their rights in the future. The results obtained is seen in the creation of a new concept of the law in the information society with the development of an appropriate legal mechanism for the protection of the rights of their participants, in particular, the concept of the invalidity of IT-transactions and their legal implications.

Downloads

Download data is not yet available.

Author Biographies

Iryna Davydova, Odesa Law Academy

Doctor of Law Science - Associate Professor of Civil Law Department National University «Odesa Law Academy»

Yurii Orzikh, Odesa Law Academy

Associate Professor of Civil Law Department National University «Odesa Law Academy »

Georgiy Samoylenko

Associate Professor of Civil Law Department Zaporizhia National University

Ihor Andronov, Odesa Law Academy

Doctor of Law Science - Associate Professor of Department of civil process of National University «Odesa Law Academy»

Maryna Pysarenko, Odesa Law Academy

Master of Law- PhD student of Civil Law Department National University «Odesa Law Academy»

References

Civil Code of Ukraine (2003). Retrieved from http://zakon4.rada.gov.ua/laws/show/435-15
Electronic notarial acts and paperless processes: Technical and legal issues. (2016). Retrieved from https://www.uinl.org/documents/20181/44832/THEME II ENG/d28a02a9-cd48-420e-9af9-30fc44bc5a53

Hesselink, M. W. (2005). Capacity and Capability in European Contract Law. Retrieved from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=869246

Hodeme, E. (1948). General theory of obligations. Moscow: Yuryzdat.

Kharytonov, E., Kharytonova, H., Tolmachevska, Y., Tkalich, M., & Fasii, B. (2019). Information Security and Means of Its Legal Support. REVISTA AMAZONIA INVESTIGA, 8, 255-265. Retrieved from https://www.udla.edu.co/revistas/index.php/amazonia-investiga/article/view/1341/pdf.

Kot, O. (2009). The nature of invalid transactions. Bulletin of the Academy of Legal Sciences of Ukraine, 4, 108-118.

Pidvysotskyi, V. (2006). Property consequences of invalidity of transactions. Bulletin of the Ministry of Justice of Ukraine, 12, 146-151.

Shapp, Y. (1996). Basics of German Civil Law. Moscow.

Zavalniuk, V., Kucherenko, I., & Kharytonov, E. (2010). Civil Code of Ukraine: Scientific and practical commentary (E. Kharytonov, O. Kharytonova, & N. Holubieva, Eds.). Kharkiv: Odissei.
Published
2019-04-29
How to Cite
Davydova, I., Orzikh, Y., Samoylenko, G., Andronov, I., & Pysarenko, M. (2019). Legal consequences of the invalidity of a transaction made by using information technology: problems of theory and practice. Amazonia Investiga, 8(19), 613-619. Retrieved from https://www.amazoniainvestiga.info/index.php/amazonia/article/view/276
Section
Articles