As previously highlighted, a 2nd draft of the rules was distributed to ICC National Committees in early February 2020, with a request for responses by early April 2020.
As a reminder, the rules have been re-named Uniform Rules for Digital Trade Transactions (URDTT) in order to bring them in line with the actual content, and now include Preliminary Considerations which provide guidance.
Further key changes from the initial draft of the rules included:
The initial draft of the rules received almost 700 comments. It would appear that there now exists a deeper understanding of the scope of the rules, as draft 2 only received approximately 250 comments.
The 3rd draft has now been distributed in ICC National Committees, on 5 June 2020, with a request for responses by the end of July 2020.
We will keep you updated on progress.