Law No. 20 of 2014 Concerning Electronic Transactions EXPLANATORY MEMORANDUM Law No. 20 of 2014 Concerning Electronic Transactions 28 The world is witnessing a tremendous development in the field of communications that are based on the exchange of information through modern communication network; either those that pass through the international telecommunications network (the Internet) or other means of communication and electronic systems technically linked with computers as a means for the exchanging, broadcasting, archiving and retrieving information. The access to such means has become available to the public. Transactions and exchange of information through these sophisticated electronic means has also become a broad concept that covers all the commercial, industrial, cultural, and legal activities and all areas of daily life. Electronic trade transactions, like other electronic transactions conducted through the modern means of communication, doe not resort to paper documents, but rely on electronic messages, which consist of calculated information. Electronic trade transactions are also related to commercial activities with a broad concept which is not limited to electronic transactions undertaken by state agencies, bodies or institutions, companies or individuals. They as well serve the operations of an international nature due to the universality of the means of communication; namely (the Internet), linking all the countries simultaneously. Electronic transactions have made an upward growth and now constitute a significant percentage of the total domestic and international transactions due to its speed in the conclusion and implementation of agreements, contracts and transactions, and because they provide instant connection and communication between the parties to the transaction. Whereas Kuwait is one of the leading Arab countries in the introduction of modern systems for the development of economic and commercial aspects; and whereas it is preparing to be a global financial center seeking to apply the electronic government system in support of its overall development and advance the development and modernization of all spheres of life. Ever since, it became necessary to cope with this growing development in the electronic means of communication to be used in commercial transactions and others. Such required the preparation of a legalization to govern these transactions and set the appropriate rules and controls. Therefore, the attached law was