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 […]

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, […]

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