Digitalization initiatives are usually accompanied by high-tech launches. But in April, when the UK’s Centre for Digital Trade and Innovation was introduced by Minister of State for Brexit, Jacob Rees-Mogg reading from a sheaf of papers on a desk notable for the absence of any modern technology, it felt like an inauspicious start.
Nevertheless, despite the uncertainty Brexit has created around UK trade, the country has taken a lead in updating national laws to recognise commercial trade documents in digital form and align legal systems with the UNCITRAL Model Law on Electronic Transferable Records.
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