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22 May 2024

Client Alert

TURKEY INCREASES THE STATUTORY ANNUAL LEGAL INTEREST RATE FROM 9% TO 24%:

Pursuant to the Presidential Decree published in the Official Gazette on 21 May 2024, the legal interest rate received a big hike from 9% to 24% effective from 1 June 2024.

ErsoyBilgehan, Eren ERTÜRK

15 February 2023

Client Alert

JUDICIAL MEASURES ANNOUNCED WITHIN THE STATE OF EMERGENCY DUE TO THE EARTHQUAKES IN SOUTH EASTERN OF TURKEY:

ErsoyBilgehan
ErsoyBilgehan

21 November 2018

Client Alert

AMENDMENTS INTRODUCED TO THE COMMUNIQUE ON THE EXCEPTIONS TO FOREIGN CURRENCY CONTRACT PROHIBITIONS:

The scope of exceptions to foreign currency contract prohibitions has been amended.

ErsoyBilgehan
ErsoyBilgehan

01 November 2018

Client Alert

FAQ ON RESTRICTIONS ON DETERMINATION OF CONTRACT VALUES IN FOREIGN CURRENCY OR INDEXED TO A FOREIGN CURRENCY PUBLISHED:

On 12.10.2018 the Ministry of Treasury and Finance ("Ministry") published a press release in relation to the agreements denominated in foreign currencies, which included explanations for the frequently asked questions (“FAQ”).

ErsoyBilgehan
ErsoyBilgehan

TAGS

corporate, regulation, finance, petroleum, arbitration, railway, e-commerce, istanbul, advance dividends, foreign awards, energy, national markers, natural resources, letter of guarantee, interim dividends

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