CONSUMERS PROTECTION AGAINST GENERAL TERMS IN BANKING CONTRACTS AS UNFAIR COMPETITION PRACTICES ACCORDING TO TURKISH LAW
CONSUMERS PROTECTION AGAINST GENERAL TERMS IN BANKING CONTRACTS AS UNFAIR COMPETITION PRACTICES ACCORDING TO TURKISH LAW

Summary/Abstract: In Turkish legal system, codifications related to consumer protection against the commercial practices of banks have been one of the most significant developments stemming from the harmonisation with the European Union regulations since the beginning of the new millennium. The Turkish Consumer Protection Act, the Code of Obligations and the Commercial Code are the most prominent codifications which include the provisions related to consumer protection and regulate the practices of general terms and conditions in banking contracts. General terms and standards are considered to include typical examples of unfair competition. In order to prevent and counteract such unfair competition practices, the legislator has envisaged sanctions which are embodied in both private and criminal law provisions.

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