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New Instructions in Turkish Retail Business: Law on Regulation

of Retail Trade

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Att. Ozgur Kocabasoglu

Introduction

The Law on Regulation of Retail Trade (“LRRT” or “Law”) num-

bered 6585, which entered into force through its publication in the

Official Gazette dated 29.01.2015, and numbered 29251, aims to sim-

plify the procedure regarding the opening and commencement of activ-

ities in retail businesses, to provide retail trade in compliance with effi-

cient and sustainable competition conditions, to protect consumers, to

procure balanced growth and development for retail businesses, and to

regulate the activities of retail businesses, producers and suppliers. The

new Law introduces certain obligations for these businesses, such as

shopping malls, outlet stores, and other retail businesses that were not

previously regulated or defined under any legislation.

The Law aims to establish legal grounds for the retail trade mar-

ket, and is comprised of regulations that govern both conventional and

organized retailing.

Retail Information System (PERBIS)

The Law envisages an information system that allows retail busi-

nesses to make applications a rend perform other necessary operations

regarding their openings and closings, as well as other activities. This

system transmits these applications to the necessary authorities or

institutions, executes the evaluation and finalization of these applica-

tions, forms a database for the retail businesses, and provides the

exchange of information.

COMMERCIAL LAW

73

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Article of February 2015