Singapore unveiled plans this week for a legal framework to push forward its ambition to become an international hub for electronic commerce.

A task force led by the Monetary Authority of Singapore, the de facto central bank, recommended some guidelines and changes in law to meet rapid growth of the E-commerce trade.

"The technology is moving so fast, if you wait for the courts to develop the common law, it may be too late," said Mr Charles Lim, a senior official at the Attorney-General's office.

Some form of legislation was necessary to jump-start the process and create predictability in E-commerce.