Lukas Soritz
Univ.-Ass. Mag.iur. Lukas Soritz
Univ.-Ass. Mag. iur. Lukas Soritz is a research assistant at the Institute for Corporate and International Commercial Law at the Karl-Franzens-University of Graz and an associated member of the Field of Excellence Smart Regulation.
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Research Assistant to Prof. Dr. Matthias Wendland, LL.M. (Harvard), University of Graz, Austria |
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Univ.-Ass. Mag.iur. Lukas Soritz
Institut für Unternehmensrecht
und Internationales Wirtschaftsrecht
Universität Graz
Universitätsstraße 15
8010 Graz
AUSTRIA
E-Mail: lukas.soritz(at)uni-graz.at
Phone: +43 316 380 - 3578
Fax: +43 316 380 - 9430
Smart Contracts in commercial transactions (B2B) (Leyens/Heiss/Soritz)
Smart Contracts promise to entail substantial efficiency gains for transactions in the B2B context, which rely on simplicity, promptness, and legal certainty. In an article written in German, Patrick C. Leyens, Stefan Heiss, and Lukas Soritz analyze an important question for B2B transactions: Whether and to what extent is existing law capable of enabling the digital transformation of the economy regarding Smart Contracts. First, increased personal responsibility of the participants makes private autonomy a central interest, and especially considering it gives greater leeway to self-enforcing arrangements. Second, the improved possibility of information processing leads to a restrained control of general terms and conditions. To conclude, Smart Contracts have the potential to be the main driver of a self-written law by B2B actors in the digitalized economy.
Open-Access download: https://doi.org/10.33196/jbl202203013701
Univ.-Prof. Dr. LL.M.(Harvard)
Institute for Corporate and International Commercial Law
Matthias Wendland
Institute for Corporate and International Commercial LawUniversitätsstraße 15 / K3
8010 Graz
AUSTRIA