‘Present and future of crowdfunding as a source for funding business projects‘, first study published in Spain on crowdfunding regulation, by Carolina Gracia, of Counsel at ECIJA.

Crowdunding is an alternative source of financing business projects developed within the “information society” services’ environment. This alternative intermediation system of commercial or financial nature allows testing of new business projects and products or services being traded. This paper analyzes the regulation of this emerging phenomenon in the international scene, in particular, in the territory of Spain. Turning to the Spanish regulations related to the platform establishment place and electronic contracts; and pinpointing the various e-commerce relationships that take place in and through the platform. Especially the latter are analyzed. Finally, this work evaluates the codes of conduct and alternative dispute resolution methods such as systems that provide legal security to allow crowdfunding operations worldwide.

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