Loi Chatel, also known as the Chatel Law, is a French consumer protection law that was enacted in 2008. It aims to protect consumers from unfair practices by companies, particularly in the areas of telecommunications and insurance. The law requires companies to provide clear and transparent information to consumers, including details about prices, contracts, and cancellation policies. It also gives consumers the right to cancel contracts within a specific timeframe without incurring penalties. The Loi Chatel serves as a safeguard for consumers, ensuring that they are not taken advantage of by companies and promoting fair and ethical business practices.