Second Set of Amendments to Decree No. 32 on the Protection of the Value of Turkish Currency Introduced in March 2025:

Türkiye published further significant amendments to the Decree No. 32 on the Protection of the Value of the Turkish Currency in the Official Gazette. These amendments includes notable regulations affecting cash transfers abroad, derivative transactions, and guarantees in foreign currency.

Constitutional Court Annuls Provision Allowing Choice of Law in Employment Contracts:

Türkiye Amends Decree No. 32 to Ease Transactions in Foreign Currency:

Türkiye eases foreign currency restrictions for sales of moveable assets (except vehicles) while imposing new limitations on public sector payments.

COMMERCIAL BOOKS CAN NOW BE KEPT ELECTRONICALLY:

The Ministry of Commerce and the Ministry of Treasury and Finance paved the way for the digitalization of commercial books with the “Communique on Keeping Commercial Books Not Related to the Accounting of the Business in Electronic Form” published in the Official Gazette dated February 14, 2025, and numbered 32813.

THE MINIMUM OWN FUNDS REQUIREMENT SET FOR PAYMENT AND ELECTRONIC MONEY INSTITUTIONS REVISED FOR 2025:

The Communiqué on the Reassessment of Minimum Own Funds Requirements for Payment and Electronic Money Institutions, published on January 30, 2025, and effective from June 30, 2025, increases the minimum own funds requirements for payment and electronic money institutions in Türkiye to strengthen financial resilience amid high inflation.

Occupational Health and Safety Obligations Take Force: Are You Prepared?:

GUIDELINES ON THE CROSS-BORDER TRANSFER OF PERSONAL DATA:

Constitutional Court Ruling on Court Fees in the Enforcement of Foreign Judgments:

Türkiye Establishes Cybersecurity Administration to Address Emerging Threats, with Cybersecurity Law on the Horizon:

In a decisive move to strengthen its defenses against cyber threats, Türkiye has established a dedicated Cybersecurity Administration. Officially announced in the Presidential Decree on the Cybersecurity Administration, published in the Official Gazette on January 8, 2025, this new government body will operate as a specially budgeted institution based in Ankara, directly affiliated with the Presidency. Its primary mission will be to implement the decisions of the Cybersecurity Council.

The Importation of Civil Aircraft to Türkiye:

Stay compliant with Türkiye’s new regulation on civil aircraft imports—ensure you secure the required Conformity Letter for seamless customs clearance.