Is the present legal governance of cloud computing effective?

Is the present legal governance of cloud computing effective? Discuss the merits of present laws governing cloud computing. In your answer you may consider options for future reform.
Word limit: 3,000 words. (Not including footnotes. Footnotes must be confined to references.) This Assessment Task relates to the following Learning Outcomes: • 1. Explain and critique specific legal principles relevant to e-commerce law. • 2. Identify legal issues relevant to e-commerce law and provide legal advice on e-commerce problems or disputes, including an accurate assessment of the likely outcome. • 3. Examine policy debates and law reform discourse in key areas involving the development of laws to new and emerging technologies and propose law reforms where appropriate. • 5. Describe and analyse the fundamental principles of e-commerce law
Assignment must be typed, double spaced and referenced and should conform to the Australian Guide to Legal Citationless.