HOME > > LAW COLUMN > Revision of the Consumer Contract Act (Early Report)
A draft amendment with respect to the Consumer Contract Act (the “Act”) and the Act on Special Measures for Court Proceedings for Consumers (the “Special Measures Act”), which was submitted to the 208th session of the Diet, was enacted into law on May 25, 2022. This article aims to offer the readers an overview of the amended Act, which is scheduled to be enforced within one year from the date of its promulgation, in case you need to deal with this amendment as a trader, for it includes some additional rights to cancel a contract and imposes new obligations on traders to make efforts to explain about the cancellation fee.
