Highlights of the “Economic Stability Shield Package” dated 18.03.2020
On 18.03.2019, with a package called the “Economic Stability Shield Package”, the Republic of Turkey Government has declared certain supports to the economy to deal with the COVID- 19 pandemic. Measures implemented within this framework are as follows: Postponement for 6 months the SSI premiums and the VAT stoppage of the months April, May and […]
TURKISH CENTRAL SECURITIES DEPOSITORY STARTED TO PROVIDE ELECTRONIC BOARD OF DIRECTORS MEETING SERVICES
Abstract : Merkezi Kayıt Kuruluşu A.Ş. (MKK) which provides its members with registration, settlement and custody services as the Central Securities Depository of the Turkish capital markets started to provide electronic board of directors meeting services to all capital companies, whether they are publicly held or not. “e-BDS”, in other words “Electronic Board of Directors […]
Major Amendments Regarding the Code numbered 7192 on Payment Services, E-Currencies and Open Banking
Abstract Upon developing fields in Turkey such as e-commerce and Fintech, it has been needed new regulations regarding the global integration of payment systems and e-currencies. In this regard, The Code numbered 7192 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Organisations and amendments to related Law” (“Code’’) has entered into force […]
THE PRINCIPLE OF CLASSIFICATION AND ITS EFFECT ON TRADEMARK DISCLAIMER
ABSTRACT According to Industrial Property Law; trademark is defined as words, figures, colors, letters, numbers, sounds, and the form of goods or packaging, including the names of persons so as to ensure a clear and precise understanding of the subject of protection provided to the owner. Accordingly, it’s very important that whether trademarks cause confusion, […]
CONSEQUENCES OF PREMATURE TERMINATION OF LEASE AGREEMENTS BETWEEN MERCHANTS
I. SUMMARY In the lease agreements, the Lessee and the Lessor may decide to terminate the contract early. In the event of premature termination of the lease agreements, a penal clause may be agreed in the contract to prevent the parties from avoiding the performance of their obligations arising from the lease agreement. Excessive amount […]
FINANCIAL RESTRUCTURE APPLICATION IS NOW APPLICABLE FOR THE SMALL SCALE COMPANIES AS WELL!
ABSTRACT: With the announcement of The Banks Association of Turkey (“TBB”) dated 14.10.2019, it is stated that a Restructure Framework Agreement has been issued in order to benefit the Financial Restructuring (“FR”) implementation for large scale companies that have a credit debt of at least 25 million TL. With the announcement of TBB dated 08.11.2019, […]
THOSE WHO CAN BENEFIT FROM FINANCIAL RESTRUCTURE APPLICATION WITH THE LARGE SCALE COMPANY THAT HAS CREDIT DEBT AT LEAST TRY 25 MILLION
ABSTRACT: With the announcement of The Banks Association of Turkey (“TBB”) dated 14.10.2019, it is stated that a Restructure Framework Agreement has been issued in order to benefit the Financial Restructuring (“FR”) implementation for large scale companies that have a credit debt of at least TRY 25 million. EXPLANATIONS: Purpose and Content of the […]
RESTRICTIONS JUNK FOOD ADVERTISEMENTS ON CHILDREN’S PROGRAMS
Under “The Regulation Amending the Commercial Advertising and Unfair Commercial Practices Regulation” entered into force on 28th of December 2018
It Has Become Easier To Pursue Limited Liability Company Shareholders For The Company’s’s Tax Debts
The Council of State’s General Assembly on Unification of Judgments has recently examined the decisions of the different Council of State divisons on the order of collection of limited company tax debts, and with ists decision published at the Official Gazette No. 30807 dated 20 June 2019
Which Contracts Can You Make in Foreign Currency?
Since there has been an increase in USD Dollar and Euro which are used as the most common currencies both in the international financial market and in our country, the Presidential Decision No. 85 dated 12.09.2018
