NEW ERA HAS BEGUN IN THE-SAVING BASED INTEREST-FREE HOUSING AND VEHICLE FINANCING SYSTEM
The rapid development of technology has led to the advancement of the age and the change of the world. This change has brought new needs with it. These needs have paved the way for the development of different methods and alternative financial resources in all sectors. These alternative financial resources have not only affected the […]
THE TURKISH COMPETITION AUTHORITY LAUNCHES INVESTIGATION INTO THE BREACH OF COMPETITION IN THE LABOR MARKET FOR THE FIRST TIME
On 20 April 2021, the Competition Authority (“Authority”) announced on its official website that an investigation into 32 companies in relation the labour market had been initiated by the Competition Board (“the Board”) on 15 April 2021. Although this investigation is the first investigation launched by the Board for the labour market, it is envisaged […]
THE PRESENTATION PERIOD OF CERTAIN CHEQUES HAS BEEN EXTENDED DUE TO OFFICIAL LOCKDOWN
In accordance with the “Law on Amendments to Certain laws and the Tax Procedure Law” published in the Official Gazette dated 30.04.2021 and numbered 31470, presentation of cheques that have the last day of their presentation period between 30.04.2021 and 31.05.2021 has been prohibited. These cheques will be presented within the remaining submission period starting […]
BANKING AGREEMENTS FOR REAL PERSONS CAN NOW BE DONE IN ELECTRONIC ENVIRONMENT
Electronic platforms and digital services, which have gained an even greater place in our lives with the pandemic period, also provide a great convenience to existing customers in the realization of banking transactions. This convenience will now also apply to not signing pages in order to become a bank customer. As of 1st of May […]
THE NEW PROCESS REGARDING THE NOTIFICATION, ISSUANCE, AND TRANSFER OF BEARER SHARE CERTIFICATES
As you may remember from our previous publication with the title of “New Notification Requirements Regarding Issuance and Transfer of Bearer Shares”, the Prevention of the Financing of the Propagation of Weapons of Mass Destruction Law no. 31351 (“Law”) has been published on the official gazette on the date of 31.12.2020 and in accordance with […]
MEASUREMENT CHANGES THAT WILL DIFFERENTIATE THE UNIT PRICE IN PRODUCTS OFFERED TO THE CONSUMER ARE NOW CONSIDERED DECEPTIVE COMMERCIAL PRACTICE
In accordance with the Regulation published in the Official Gazette and on 03.02.2021, a new clause has been added to the section titled “A- Deceptive Commercial Practices” in the “Sample Practices Accepted as Unfair Commercial Practices” of the Commercial Advertising and Unfair Commercial Practices Regulation. In accordance with the new clause added; Although changes have […]
THE TURKISH COMPETITION AUTHORITY HAS DETERMINED THE MARKET SIZE THRESHOLDS OF THE AGREEMENTS, CONCERTED PRACTICES, ACTS AND CONDUCTS OF ASSOCIATION OF UNDERTAKINGS THAT DO NOT CONSİDERABLY RESTRICT COMPETITION
As it is known, the Competition Authority (“Authority“) was published the Draft Communiqué on the Agreements, Concerted Practices, Acts and Conducts of Association of Undertakings that Do Not Considerably Restrict Competition (“De Minimis Communiqué Draft”) on October 23, 2020. Authority’s Communiqué No. 2021/3 on Agreements, Concerted Practices, Acts and Conducts of Association of Undertakings that […]
TURKISH CAPITAL MARKETS BOARD REGULATED CONTROLLING SHAREHOLDERS’ SQUEEZE-OUT AND SELL-OUT RIGHT IN THE PUBLIC COMPANIES
Capital Markets Board’s Communiqué on Squeeze-Out and Sell-out Rights (II.27.3) (“Communiqué”) has been published in the Official Gazette dated December 31, 2020 with the number 31351 and by this renewal, the Capital Markets Board’s Communiqué on Squeeze-Out and Sell-out rıghts (II.27.2) (“Repealed Communiqué”) dated 12 November 2014 has been repealed. Within this 3 proportioned new […]
OBTAINING TURKISH CITIZENSHIP BY PURCHASING REAL ESTATE
ABSTRACT Exceptional ways of acquiring Turkish citizenship were regulated with the “Regulation on the Amendment of the Regulation on the Implementation of the Turkish Citizenship Law” published in the Official Gazette on 19.09.2018. It is also included in the scope of this new regulation, that a foreigner can have Turkish Citizenship if he purchases the […]
A BRIEF GUIDE OF RECOGNITION AND ENFORCEMENT PROCEDURE OF FOREIGN ARBITRAL AWARDS UNDER TURKISH LAW
The term “arbitration” has recently become more popular for settling disputes which is especially arising from the contracts drafted to regulate international commercial relations. In fact, the parties’ will to solve the problems due to breach of contracts or any other reasons by using quick and low-cost methods have increasingly made arbitration one of the […]
