[2025-12-19]Comprehensive Revision of Civil Code Begins with Contract Law
The Ministry of Justice passed the first revision bill on contract law at the Cabinet meeting on the 16th.
The fixed statutory interest rates have been revised to allow adjustment based on economic conditions, and a provision for canceling declarations of intent under gaslighting situations has been added.
This serves as the starting point for the comprehensive revision of the Civil Code, with the bill now heading to the National Assembly for approval.