Parliament Introduces Wide Sweeping Amendments to the Enforcement and Bankruptcy Code :

Turkey to Boost Islamic Finance with Advanced Customer Protection:

Two new regulations offer a more in-depth regulation for Islamic Finance departments of Turkish banks, aiming for customer protection and better transparency.

Specialised Banking and Finance Courts are to be Created to Hear Banking and Finance Disputes :

The High Council of Judges and Prosecutors (the “Council”) have issued a bundle of decrees on 25 November 2021, forming several specialised criminal and commercial courts in a variety of subjects. 

COVID-19 INSIGHTS: OUR LEGAL GUIDANCE FOR BUSINESSES:

Our “Covid-19 Insights” is designed to keep our clients abreast of the legal developments as regards Covid-19 and ease their decision-making processes.

TERMS OF TERMINATION PROHIBITION AND MANDATORY UNPAID LEAVE HAVE NOW EXPIRED:

The terms of termination prohibition and mandatory unpaid leave have expired.

New Incentive to Scrap Old Vessels: the Turkish Ministry takes steps to rejuvenate the Turkish fleet:

TERMS OF TERMINATION PROHIBITION AND MANDATORY UNPAID LEAVE EXTENDED YET AGAIN:

The Presidential Decree numbered 3930 published in the Official Gazette dated 30 April 2021 extended the terms for termination prohibition and mandatory unpaid leave again until 30 June 2021.

DEADLINES FOR THE SUBMISSION OF CHEQUES AND THE ENFORCEMENT PROCEEDINGS OF THE BILLS OF EXCHANGE HAVE BEEN SUSPENDED! :

COURT HEARINGS POSTPONED AS PER NEW MEASURES AGAINST COVID-19 :

PERIOD OF SHORT-TERM WORKING SUBSIDY EXTENDED UNTIL 30 JUNE:

Pursuant to the Presidential Decree numbered 3910 published in the Official Gazette dated 23 April 2021, the period of short-term working subsidy has been extended until 30 June 2021.