CONSUMER PROTECTION LAW
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WHAT IS CONSUMER PROTECTION LAW
Consumer protection laws are made to protect consumers from fraudulent business practices, defective products, and dangerous goods and services. They play an important role in a reliable market economy, by controlling the consumer market with rules and regulations. Consumer protection law in each country is built upon the contract law principle, “Caveat emptor.” The Latin phrase, which means, “Let the buyer be aware.” However, the expanding market compelled the introduction of various extensions to this principle and ultimately the current situation is vice versa it warns the seller to be aware.
CONSUMER PROTECTION LAW UAE: -
In UAE the Consumer Protection Law No, 24 of 2006 (the Previous Consumer Law) is replaced by Federal Law No. 15 of 2020 on Consumer Protection (the New Consumer Law). The new Law with significant changes, provides the general rules for consumer protection and it establishes the necessary mechanisms to activate the Law’s role in the economic movement by enabling transparency in commercial transactions, in which the consumer is an integral part. The Law aims to ensure quality of goods and services, marketing manner, consumer health and safety, and sound consumption patterns among consumers.
By virtue of the current consumer protection law, the key rights of the consumers and the obligations of the suppliers are given hereunder:
Consumer rights
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According to the law, the UAE’s consumers are granted the following rights:
?The supplier must:
Suppliers who fail to provide clear information and labelling, or advertise misleading prices and false data on the goods and services, or fail to repair or replace a defective product without a charge, will face imprisonment of up to two years and a fine not exceeding AED two million.