The legislation titled "Rental of Residential Properties for Tourism Purposes and Amendments to Certain Laws" was published in the Official Gazette on 2 November 2023.
The 2024-2026 Medium-Term Program (MTP) prepared by the Republic of Türkiye Ministry of Treasury and Finance and the Presidency of Strategy and Budget was published in the Official Gazette on 6 September 2023 and numbered 32301.
Law No. 7445 on the Amendment of the Enforcement and Bankruptcy Law and Certain Laws was published in the Official Gazette dated 5 April 2023, and numbered 32154.
The Law on the Amendment of the Social Insurance and General Health Insurance Law and the Decree Law Act No. 375, Law Act No. 7438 (“Law”) (also known as the Regulation for Those Ineligible to Retire due to Age), was published on 3 March 2023 in the Official Gazette with number 32121 and entered into force on the date of its publication. …
Communiqué No. 2022-32/66 Amending Communiqué No. 32 on the Protection of the Value of Turkish Currency (“Communiqué”) was published in the Official Gazette on 19 April 2022 and numbered 31814. The Amendment Communiqué entered into force on the date of its publication.
With exchange rates skyrocketing and inflation in the Turkish economy running high, many citizens have entered the cryptocurrency markets to protect the value of their cash and thus their purchasing power.
The Law on the Approval of Ratification of the Paris Agreement numbered 7335 was passed on October 6, 2021, published in the Official Gazette numbered 31621 on October 7, 2021 and entered into force on the same date.
The impact of Covid-19 is continuing to evolve in Turkey and businesses need to update their knowledge to keep up with the ever-changing regulations. For this purpose we provided various reports in our earlier newsletters concerning legal changes in Turkey relating to the pandemic. Our new update includes the recent shifts in legislation…
Law No.7246 Amending the Law on the Protection of Competition („Amendment Law“) entered into force on 24 June 2020. This regulation is a response to the European Commission’s 2019 Turkey Report, regarding the steps that Turkey should take in order to harmonize Turkish competition law with that of the EU.
The impact of Covid-19 is continuing to evolve in Turkey and businesses need to update their knowledge to keep up with the ever-changing regulations. For this purpose we provided a first report in our earlier newsletter concerning legal changes in Turkey relating to the pandemic. Our new update includes the recent shifts in legislation…
On 19 December 2018 Law no 7155 was published in the Official Gazette and it came into force on 1 January 2019. The main purpose of Law no 7155 is actually the integration of enforcement proceedings into the National Judiciary Informatics System (UYAP). However, it has great importance beyond this aim because of the introduction of…
In order to prevent devaluation of the Turkish Lira, the Turkish administration has issued a presidential decree dated 12 September 2018 (the “Decree”) establishing restrictions on agreements denominated in foreign currencies or indexed to foreign currencies if such agreements are concluded between individuals and/or legal entities…
In order to prevent devaluation of the Turkish Lira, the Turkish administration issued a presidential decree dated 12 September 2018 (“Decree”) establishing restrictions on agreements denominated in foreign currencies or indexed to foreign currencies if such agreements are concluded between individuals and/or legal entities residing in…
The “Law on the Amendments to Certain Legislation for the Improvement of the Investment Environment numbered 7099" (the "Law") has been published in the Official Gazette dated 10 March 2018. The Law introduced important amendments regarding fifteen laws, especially regarding the Turkish Commercial Code ("TCC") and the Law on Movable…
With Law No. 7061 (“The Law on the Amendment of Certain Tax Laws, Laws and Decree Laws”), Turkey joined the likes of the USA, UK and several others who have been regulating crowdfunding for the past couple of years. According to the new law - enacted by the Turkish parliament and published in the Official Gazette on 5 December 2017 –…
With Law No. 7035 (“The Law Amending Certain Laws For The Purposes of Resolving the Issues Arising From the Operation of Reginal Courts of Justice and Regional Administrative Courts”), the period for appeal of the decisions which are subject to appeal as stated under Article 361 of the Civil Procedure Law No. 6100 has been amended from…
Turkey was waiting for a long time to enact a unified and one single code instead of the numerous Decree-Laws regarding the protection of Industrial Property Rights; namely Trademarks, Patents, Geographical Indications and Industrial Designs. After a long wait, the Law No. 6769 on the Protection of Industrial Property Rights ("Industrial…
On October 28, 2016, Turkey’s law on Pledges of Movable Property in Commercial Transactions, number 6750 was published in the Official Gazette. The law will enter into force starting on January 1, 2017. This law repeals the Law on Commercial Enterprise Pledges No. 1447 dated July 21, 1971 and introduces significant changes to the present…
After the unfortunate coup attempt took place on July 15, 2016 in Turkey, the Turkish Government has taken some rapid measures for the foreign and national investors in order to ensure a safe environment for them.
Turkey has completed the final step in a long process to enact the Data Protection Law. On April 7, 2016, Turkey’s law on Personal Data Protection, number 6698 (the “Law”) was published in the Official Gazette and came into force. The Law is based on the European Union’s 1995 Data Protection Directive (95/46/EC) (the “Directive”), but…
The “new” Turkish Commercial Code which entered into force on 1 July 2012 introduced obligatory independent auditing requirements for some limited and joint stock companies as determined by the Turkish Council of Ministers. However, following harsh criticism of the criteria that determined which companies were subject to audits, the…
Until the Turkish Constitutional Court cancellation of Article 7/1-(i) on May 27, 2015, (published in the Official Gazette dated June 02, 2015 and numbered 29374), the Turkish Patent Institute (“TPI”) was able to reject an application as absolute grounds for refusal that a trademark was similar to an earlier well-known trademark.
On 26 November 2015, the Turkish Energy Market Regulatory Authority (“EMRA”) has published a draft regulation to amend the provisions in the Regulation on Unlicensed Electricity Generation in Turkish Electricity Market.
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