Effective Date Of Additional Obligations On Consumer Protection Approaches

The Law No. 7392, published in the Official Gazette numbered 31796 on April 1, 2022, has introduced significant changes to many issues regulated under the Consumer Protection Law (the "Law").

The provisions of the new law that relate to timeshare and long-term vacation agreements entered into force on April 1, 2022, before the summer season. However, most of the changes, including those below, will come into effect on October 1, 2022. As the changes are substantial, we highly recommend stakeholders to take and complete the necessary steps for compliance with the new requirements until the date of entry into force.

The major amendments to the Law are as follows:

Consumer Default in Installment Sales Contracts