21 January 2021
NEW REGULATIONS INTRODUCED ON BEARER SHARE CERTIFICATES:
Several articles of the Turkish Commercial Code No. 6102 (“TCC”) were amended with the Law No. 7262 published in the Official Gazette dated 31 December 2020
14 January 2021
The Regulation Relating to Shipyards, Boatyards and Dry Dock Areas Has Been Amended :
06 January 2021
RESTRICTIONS HAVE ENDED: COMPANIES CAN NOW FREELY DISTRIBUTE DIVIDENDS :
The restrictions on companies’ distribution of their profits have been lifted as of 1 January 2021. In other words, it is now possible for companies to distribute their previous year's profits and free reserves and to authorize their board of directors to distribute advance profits.
31 December 2020
THE CEILING FOR STAMP DUTY RAISED BY 9.11% FOR 2021:
The Turkish Revenue Administration has issued the revisions to the stamp duty amounts and the ceiling that will become applicable as of 1 January 2021.
30 December 2020
TERMS OF TERMINATION PROHIBITION AND MANDATORY UNPAID LEAVE EXTENDED YET AGAIN:
The terms for termination prohibition and mandatory unpaid leave are extended for two months.
28 December 2020
ENVIRONMENTAL MARINE POLLUTION FINES REVISED FOR 2021:
24 December 2020
SHORT-TERM WORKING AND APPLICATIONS THEREOF ARE EXTENDED:
The government has extended the terms of short-term working and applications thereof.
23 December 2020
2021 CERTIFICATION OF COMPANY BOOKS:
Similar to previous years, as we approach the year-end, we would like to draw your attention to the requirements for the annual certification of company commercial books.
08 December 2020
New Framework on Crew Changes During COVID-19:
Government issues new framework on crew changes during COVID-19 in compliance with the IMO’s circular letter No. 4204/Add. 1
02 December 2020
GOVERNMENT ALLOWS NEW COVID-19 RELATED APPLICATIONS FOR SHORT-TERM WORKING SUBSIDY :
The Presidential Decree numbered 3238 published in Official Gazette dated 1 December 2020 extended the term for benefiting from softened application requirements until 31 December 2020
corporate, finance, railway, regulation, petroleum, e-commerce, istanbul, foreign awards, arbitration, national markers, energy, advance dividends, natural resources, letter of guarantee, interim dividends
January 2021
Client Alert: NEW REGULATIONS INTRODUCED ON BEARER SHARE CERTIFICATES
Client Alert: The Regulation Relating to Shipyards, Boatyards and Dry Dock Areas Has Been Amended
Coronavirus: COVID-19 INSIGHTS: OUR LEGAL GUIDANCE FOR BUSINESSES
Client Alert: RESTRICTIONS HAVE ENDED: COMPANIES CAN NOW FREELY DISTRIBUTE DIVIDENDS
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