Sidley is at the forefront of representing companies engaging in electronic commerce, including via the internet and mobile servers. We advise clients on the creation of new products, services and interfaces utilizing new technologies, on the sale of existing products through alternative delivery mechanisms and on the structuring of strategic relationships, processing contracts and contracts with technology providers, to take full advantage of the rapidly changing electronic marketplace. Sidley represents E-commerce and mobile commerce leaders in electronic banking products, payment systems and portals that offer access to financial services, as well as issues surrounding issuance, use and acceptance of a wide range of traditional and non-traditional payments products in the electronic environment. Our lawyers also represent entities seeking to establish Internet-only banks and traditional financial service providers with E-commerce and mobile commerce ventures. Through our European offices we have provided assistance to clients on worldwide rollouts of electronic banking products, including prepaid and stored value products. Several of our lawyers also are part of Sidley’s Technology, Media and Privacy group, an interdisciplinary practice group organized to specifically address E-commerce and mobile commerce issues on behalf of the firm’s diverse client base. (Please also see our Payments area of focus.)
- Advised a wide range of institutions on compliance with the E-Sign Act and state implementations of the Uniform Electronic Transactions Act, and on the unique disclosure and compliance challenges raised by different forms of electronic communication.
- Represented financial services providers in negotiating arrangements with technology providers to support the provision of financial products and services.
- Advised several large providers of financial products and services with respect to privacy obligations under U.S. and European laws.
- Assisted companies in negotiating contracts to provide automated rewards and electronic marketplace systems.