Conclusion of the Contracts at a Distance – Particularities in the Banking Law Field

In a world that is in constant movement and development, both economically and socially, a world that has less and less time to waste with lengthy and formalistic procedures, it has become more than imperative to move to digitised procedures and to conclude as many contracts as possible at a distance. the main advantage of these procedures is that they can be concluded through a faster and less formalistic process, from the comfort of your own office or home. The present article aims to analyse the national and European rules governing the legal institution of concluding contracts at a distance in relation to the banking field and its specific regulations. In addition, it aims to show how distance contracts can be concluded more easily, what types of signatures can be used to conclude these contracts, and their legal force in the courts. This study is supplemented by an analysis of the national case law on the subject of banking contracts concluded at a distance and how they have or have not been enforced.