ITrust workshop Glasgow 2-4 Sep 2002

bullet1 First day summaries

bullet2 Legal

Jon ?, U Oslo:

Virtual organizations contain different legal entities, presenting as a single entity.  Have inner life and externally visible life.  [How is this different from a physical corporation?]

4 stages: business opportunity, constitutional phase, operational phase, closing phase.

Trust plays an important role.  Consider precontractural liability, good faith, disclosure.

Mike C, HP: Glimpses into role of trust services;  elements need to be backed up by 3rd party trust.  3 types:  trust establishment, transaction trust (e.g. escrow), accountability/audit (records). Trusted time service, trusted storage service. ... Liability a big issue.

...

Not specifically part of the legal process, but is an underlying value of the legal process.  Legal regime relies on existence of trust, with remedies to corect transgressions.