Electronic Payment Under The Law Of Luxembourg

Electronic Payment is wholly implemented under the law of Luxembourg. The main legal aspects of electronic payment concerning the obligations of electronic money issuers towards electronic money holders can be found in the Law of August 14, 2000 on E-Commerce, which implements the European E-Commerce Directive, and which amends the Civil Code, the Commerce code and the Penal Code.

The following questions have been addressed in this article:

What is an electronic payment instrument?
What obligations apply to the issuer of electronic payment instrument?
What obligations apply to the holder of an electronic payment instrument?

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