01 October 2015
Q&A on the Enforcement of Foreign Judgments/Awards in Turkey:
In order for a foreign judgment or an arbitral award to be enforced in Turkey, certain enforcement procedures must be executed.
01 June 2015
Recently Published Regulation Sets the Legal Standards for Consumer Loan Agreements:
The Regulation on Consumer Loan Agreements was published in the Official Gazette dated May 22, 2015 (“Regulation”). Legal standards applicable to consumer loan agreements (“Agreement”) have been regulated in detail under the Regulation.
Legality of Strikes and Rights of Employers in Turkey:
The recent strikes that occurred in the Turkish metal industry have raised questions about whether these strikes were “legal” or “illegal”, and what the employers’ rights would be, when faced with such cases.
Regulation on Housing Finance Agreements Shall Henceforth Apply to Housing Finance Transactions:
The Regulation on Housing Finance Agreements was published in the Official Gazette dated May 28, 2015 (the “Regulation”), right after the Regulation on Consumer Loan Agreements (“Consumer Loan Regulation”) given that the Consumer Loan Regulation does not apply to housing finance agreements (“Agreement”).
License Holders Will Need to Submit a Letter of Guarantee to the Energy Markets Regulation Authority to Obtain National Markers:
Recently, the Energy Markets Regulation Authority (“EMRA”) amended the Regulation on Implementation of National Markers in Petroleum Market (“Regulation”) by means of issuing a new regulation which was published in the Official Gazette dated June 12, 2015 (“Amending Regulation”).
01 May 2015
May 1st: E-Commerce Law Entered Into Force:
With reference to the Newsletter published in our website on November 2014 titled “Parliament Finally Approves E-Commerce Lawb”, the Law on Electronic Commerce (“Law”) entered into force on May 1, 2015.
01 April 2015
The Council of Ministers Introduces Important Changes to Incentives in Certain Investments:
The Council of Ministers has implemented some changes to its decree dated June 06, 2012 regarding state incentives which will be provided to certain investments (“Decree”) through its decree published in the Official Gazette dated April 08, 2015 (“Amending Decree”).
Turkish Parliament Finally Takes Step to Regulate Shopping Malls and Retail Trade:
Turkey’s history of shopping malls go back as early as 1988 and the country saw a shopping mall boom since early 2000s.
State to Act as Guarantor for Build-Operate and Transfer Projects:
The Council of Ministers has recently issued a Regulation on Liability Undertakings to be Performed by the Undersecretariat of Treasury (“Regulation”).
01 January 2015
Istanbul Set to Become the Next Hub for Global Arbitration?:
The long-awaited Law on Istanbul Arbitration Center (“the Law”) has been passed on November 20, 2014 and entered into force on January 1, 2015.
corporate, finance, regulation, e-commerce, petroleum, arbitration, railway, istanbul, foreign awards, advance dividends, energy, national markers, natural resources, letter of guarantee, interim dividends
January 2023
Client Alert: THE CEILING FOR STAMP DUTY RAISED BY 122.93% FOR 2023
December 2022
Client Alert: ENVIRONMENTAL MARINE POLLUTION FINES REVISED FOR 2023
Client Alert: Time to be an Everyday Heroine to Save the Earth as the Authorities Issue Regulations to Protect It!
Client Alert: THRESHOLDS DOUBLED FOR MANDATORY INDEPENDENT AUDITS
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