Assessing the Digital Relevance of Germany’s Fair Consumer Contracts Act of 2021

Summary:

The German Fair Consumer Contracts Act of 2021 aims to protect consumers in the digital sphere by addressing challenges posed by digital commerce. The Act explicitly includes provisions for digital goods and services, as well as online contracts, requiring transparency and the right to withdraw with digital confirmations. However, the Act lacks regulations for data protection, a growing concern in digital transactions. Areas for improvement include incorporating data security and privacy, cross-border regulations, and technological adaptability to adapt to new digital transactions.