Legal Alert on Prakas on Unfair Contract Clause

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In support of the enhancement of the Law on the Consumer Protection (“LCP”) which was promulgated in November 2019, the Ministry of Commerce (“MoC”) issued the Prakas No. 0067 on Unfair Term Clause (“Prakas”) on 01 March 2022, in order to set out formalities ​and procedure to govern​​ Standard Form Contracts and unfair contract clauses for the purpose of protecting consumer’s rights against any excessive exploitation of profits and situations in connection with the contractual relationship between the consumer and the business operator in the country.

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Legal alert – Prakas on Unfair Contract Clause