Law CLXIV of 2005 on trade.
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
This Law aims to ensure the freedom of commercial activities while promoting the effective operation and development of micro, small, and medium-sized enterprises. The law emphasizes maintaining the principle of entrepreneurial freedom, minimizing interventions, and recognizing the importance of self-regulation and mandatory codes of conduct established by trader groups. The broader legal context includes the protection of economic environment, traders, and consumers' interests, with specific attention to fair commercial practices and consumer protection. It specifies the conditions under which commercial activities can be conducted, such as obtaining necessary permits for certain activities and adhering to health, safety, and environmental standards. The law also details the responsibilities of traders in maintaining accurate records, ensuring product quality, and providing consumer protection. Significant recommendations include the establishment of customer service points for handling consumer complaints and the mandatory provision of electronic payment options.
Attached files
Web site
Entry into force notes
This Law enters into force on the first day of the sixth month following its promulgation.
Notes
Consolidated version
Repealed
No
Publication reference
Official Gazette
Source language
English
Legislation Amendment
No
Original title
2005. évi CLXIV. törvény.