CRYPTO ASSETS FROM THE DATE OF 04.30.2021 IN TURKEY CAN NOT BE USED AS MEANS OF PAYMENT

In our country, there is a great interest in crypto assets by people. Regarding crypto assets which has recently become very important among investment instruments, the “Regulation on the Non-Use of Crypto Assets in Payments” was published in the Official Gazette today. According to the provisions of this regulation, which will enter into force on […]

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 […]

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 […]

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 […]

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. […]

COMMERCIAL SMS, E-MAIL AND CALLS ARE NOW UNDER YOUR CONTROL

Message Management System for Commercial Electronic Messages was opened to citizens as of 07.01.2021. Thanks to the portal, all persons will be able to see the consents they have given to the Service Providers for sending commercial messages over the System and will be able to arrange their consents regarding phone numbers separately for “message” […]

AMENDMENTS AT THE IMPLEMENTATION OF THE COMMUNIQUÉ REGARDING CAPITALL LOSS AND NEGATIVE EQUITY IN THE FRAME OF CORPORATE GOVERNANCE IN TURKEY

“The Communiqué on the Procedures and Principles Regarding the Implementation of Article 376 of the Turkish Commercial Code No. 6102 (“Communiqué”)” had been published in the Official Gazette dated December 15, 2018. Within the scope of the communique, the procedures and principles to be followed in cases of capital loss and negative equity had been […]