Critically explore the regulation of internet business transactions.

A particular striking example of why this is an issue, briefly putting the focus of business transactions aside, is that undoubtedly the Internet has become an evident mechanism for criminals, as it actively enables them to function outside jurisdictions where their activity would otherwise be strictly prohibited. As such, cannabis dealers have been avoiding the UKs anti-drugs law by selling prohibited seeds and drug related production equipment from Dutch websites . There is a clear gap for enforcing our laws against them, sure it would be an offence to purchase it, but the reality is that it would be difficult to detect and prosecute that particular activity. This example merely illuminates the jurisdictional problems businesses face when operating outside their national jurisdiction and, in terms of MNEs, recent developments in the law show that these transactions can, in some w…(short extract)

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