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 […]

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. […]