Several years ago, our country was among the pioneer nations in the field of electronic signatures, a position that has stagnated over time. Currently, Congress is expected to process a bill that modernizes the current legislation. What changes should be made?
The entry into force of Law No. 19,799, also called “Electronic Signature Law” (LFE), published in 2002, put Chile at the forefront in this matter, being one of the first countries in Latin America to establish the principle of equivalence of electronic support to paper support, which implied that the acts and contracts granted or entered into by natural or legal persons, signed by means of electronic signature, are valid in the same way and produce the same effects as those entered into in writing and on paper support.
In our country, the LFE facilitated the adoption of simple and advanced electronic signatures, and simplified many processes that, before its entry into force, were slower and more cumbersome; it meant, in short, a compatibility between the old customs and the growing technological development that the world and the country have experienced in recent decades.
However, some challenges still remain. Over the years, this vanguard position in the field has stagnated. Although the LFE has undergone some modifications, they have been minor and none has substantially changed its content.
Check out this complete article on our specialized technology platform az Tech.az
Column written by our associates of the Corporate and Business group, Juan Pablo Vieira and Raimundo Busquet.
