Council of Ministers Reduces Threshold for Mandatory Independent Audits:

Distribution of Interim (Advance) Dividends:

The Turkish Code of Commerce (“TCC”) Art.509 on dividends provides that, while the dividends can be distributed from net period profits and free reserves

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.

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.