The newly enacted Electronic Transactions (Electronic Agents)
(Guernsey) Ordinance, 2019, which came into force on 1st March this
year, signals a turning point in law for companies using Artificial
Intelligence which itself represents an area of exponential growth
and critical importance for future development in many areas and
sectors worldwide.
This exciting and innovative new legislation builds on the
existing Electronic Transactions (Guernsey) Law, 2000, and contains
a pioneering definition of the legal effect of using AI in contract
formation procedures. Essentially, it gives electronic agents the
authority to form, create, execute and terminate contracts without
the input of humans, and makes it clear that the validity of any
such contractual exchange will not be denied due to the use of an
electronic agent.
