Amendments To Retail Trade Regulation

Law No. 7335 on the Amendment of the Law on the Union of Chambers and Commodity Exchanges of Türkiye and the Chambers and Commodity Exchanges and Certain Laws and the Decree Law No. 640 ("Law No. 7435"), has been published on the Official Gazette dated 1 February 2023 and numbered 32091 and introduced significant amendments to Law No. 6585 on the Regulation of Retail Trade (the "Law").

This Monthly Updates aims to provide a brief explanation on the amendments to the Law and highlight the essential novelties introduced therein.

Scope of The Amendments

Within the scope of the Law No. 7435 important changes have been especially made in the Law. These significant changes, which are detailed below, have been made regarding (i) unfair commercial practices in the supply chain; (ii) payments arising from commercial relationships between manufacturers, suppliers, and retail businesses; and (iii) common areas and common expenses in shopping malls.