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Scientific paper - Original scientific paper
Consumer protection issues in crowdfunding
In: Economic and Social Development: 18 th International Scientific Conference on Economic and Social Development. Varaždin: Varaždin Development and Entrepreneurship Agency, Varaždin, Croatia, University North, Koprivnica, Croatia, Faculty of Management University of Warsaw, Warsaw, Poland, 2016. pp. 299-309. urn:nbn:hr:118:415381
Vrbljanac, Danijela; Kunda, Ivana

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Vrbljanac, D. & Kunda, I. (2016). Consumer protection issues in crowdfunding. Economic and Social Development: 18 th International Scientific Conference on Economic and Social Development (pp. 299-309). Varaždin: Varaždin Development and Entrepreneurship Agency, Varaždin, Croatia, University North, Koprivnica, Croatia, Faculty of Management University of Warsaw, Warsaw, Poland. Retrieved from https://urn.nsk.hr/urn:nbn:hr:118:415381

Vrbljanac, Danijela and Ivana Kunda. "Consumer protection issues in crowdfunding." Economic and Social Development: 18 th International Scientific Conference on Economic and Social Development, Varaždin Development and Entrepreneurship Agency, Varaždin, Croatia, University North, Koprivnica, Croatia, Faculty of Management University of Warsaw, Warsaw, Poland, 2016, pp. 299-309. https://urn.nsk.hr/urn:nbn:hr:118:415381

Vrbljanac, Danijela and Ivana Kunda. "Consumer protection issues in crowdfunding." In Economic and Social Development: 18 th International Scientific Conference on Economic and Social Development, 299-309. Varaždin: Varaždin Development and Entrepreneurship Agency, Varaždin, Croatia, University North, Koprivnica, Croatia, Faculty of Management University of Warsaw, Warsaw, Poland, 2016. Accessed 2024 November 15. https://urn.nsk.hr/urn:nbn:hr:118:415381

Vrbljanac, D. and Kunda, I. (2016) 'Consumer protection issues in crowdfunding', Economic and Social Development: 18 th International Scientific Conference on Economic and Social Development, Varaždin Development and Entrepreneurship Agency, Varaždin, Croatia, University North, Koprivnica, Croatia, Faculty of Management University of Warsaw, Warsaw, Poland, Varaždin, pp. 299-309. Available at: https://urn.nsk.hr/urn:nbn:hr:118:415381 (Accessed 15 November 2024)

Vrbljanac D, Kunda I. Consumer protection issues in crowdfunding. Economic and Social Development: 18 th International Scientific Conference on Economic and Social Development. Varaždin: Varaždin Development and Entrepreneurship Agency, Varaždin, Croatia, University North, Koprivnica, Croatia, Faculty of Management University of Warsaw, Warsaw, Poland; 2016. Pp. 299-309. [cited 2024 November 15] Available at: https://urn.nsk.hr/urn:nbn:hr:118:415381

D. Vrbljanac and I. Kunda, "Consumer protection issues in crowdfunding", Economic and Social Development: 18 th International Scientific Conference on Economic and Social Development Varaždin: Varaždin Development and Entrepreneurship Agency, Varaždin, Croatia, University North, Koprivnica, Croatia, Faculty of Management University of Warsaw, Warsaw, Poland, 2016. [Online] Available at: https://urn.nsk.hr/urn:nbn:hr:118:415381 [Accessed: 15 November 2024]

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Metadata
Title (english)Consumer protection issues in crowdfunding
AuthorDanijela Vrbljanac
AuthorIvana Kunda
Author's institutionUniversity of Rijeka
FACULTY OF LAW
(Department of European and Comparative Law)
(Chair of International and Europena Private Law)
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Law
Abstract (english)
Being an emerging alternative financing model which relies upon raising money from a large number of sources, crowdfunding may take many forms. They range from crowd sponsoring, based on collecting funds from donators in return for either gratification of a project owner, or a symbolic reward such as the possibility of appearing in a crowdfunded movie, to crowd investing and crowd lending which enable investors and lenders to gain financial profit. An important role in crowdfunding is played by various internet platforms which enable the project owners to advertise their project and allow potential contributors to inform themselves on the project and contribute money. While the advantage of this financing model is unquestionable due to the fact that a number of projects in Europe would not have a necessary source of financing without it, there are a number of issues connected to it. As a consequence of the various existing financing models which are further evolving and different parties who take part in crowdfunding, the legal framework for crowdfunding in the European Union and its Member States is not clear at this stage. One of the distinct concerns is the applicability of the EU consumer protection acquis, particularly to contracts concluded at a distance, unfair contract terms, unfair commercial practices and consumer credit. The aim of this paper is to identify the crowdfunding models which may be subject to mentioned consumer protection legislation. While assumption that some contributors could be characterised as consumers appears to be rather straightforward, such characterisation in regard to project owners is unexpected. Additional controversy is related to whether in crowd investing model, investors may enjoy protection as consumers. The analysis of legal sources will include relevant EU directives and where necessary comparative outline of Member States laws through which the directives were implemented into national legislation.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Publication titleEconomic and Social Development: 18 th International Scientific Conference on Economic and Social Development
Numberingpp. 299-309
p-ISSN1849-7535
URN:NBNurn:nbn:hr:118:415381
Publication2016
ConferenceTitle: 18th International Scientific Conference on Economic and Social Development – “Building Resilient Society”
Location: Zagreb, Croatia
Start date: 2016-12-01
End date: 2016-12-02
Assembly type: Lecture
Document URLhttp://bib.irb.hr/858262
Type of resourceText
PublisherVaraždin Development and Entrepreneurship Agency, Varaždin, Croatia, University North, Koprivnica, Croatia, Faculty of Management University of Warsaw, Warsaw, Poland
Publishing placeVaraždin
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2022-02-02 08:36:38