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number 31351 and by this renewal, the Capital Markets Board’s Communiqué on Squeeze-Out and Sell-out rıghts (II.27.2) (“Repealed Communiqué”) dated 12 November 2014 has been repealed.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 […]
AN OVERVIEW TO THE CUSTOMS UNION BETWEEN TURKEY AND THE EUROPEAN UNION
The customs union between Turkey and the European Union (EU) is a system that allows states parties to freely move goods without quantity limits, free from all kinds of tariffs and imposing an all tax. The customs union between Turkey and the EU is the final stage of the process formed by the Ankara Agreement. […]
10 LEGAL FEATURES YOU SHOULD KNOW ABOUT BANK LETTERS OF GUARANTEE IN TURKISH LAW
In commercial life, parties can request guarantee from each other when they want to secure the execution of a job, the delivery of a good, or the fulfilment of a debt. The need to show guarantee has revealed the bank letters of guarantee in commercial life and the use of these letters has become widespread. […]
New Notification Requirements Regarding Issuance and Transfer of Bearer Shares
With the publication of the Law No. 31351 on the Prevention of the Financing of the Propagation of Weapons of Mass Destruction (“Law”) on 31st of December 2020, the obligation to notify the Central Securities Depository has been imposed in transactions related to bearer bills share certificates. Along with the changes made in the Law, […]
