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Company Law Update: A New Era Of Digital Company Formation Begins In Turkey

Company Law Update: A New Era Of Digital Company Formation Begins In Turkey

1. Introduction Having been published on the Official Gazette No. 31401 dated 20.02.2021, the Communiqué on Amendments to the Communiqué on the Execution of the Incorporation Articles of Association of Companies before Trade Registry Directorates (the “Amending Communiqué”) brings significant changes to the Communiqué on the Execution of the Incorporation Articles of Association of Companies […]

13:03 , 11/03/2021 Comments Off on Company Law Update: A New Era Of Digital Company Formation Begins In Turkey
Legal Framework Of Obtaining Natural Gas Import License In Turkey

Legal Framework Of Obtaining Natural Gas Import License In Turkey

According to its legal classification, import of natural gas is a “natural gas market activity”. Activities conducted within Turkish natural gas market are regulated by the Natural Gas Market Act numbered 4646 (“NGMA”) and several regulations and communiques. As one might expect, this is a highly regulated market. Like other natural gas market activities, import […]

13:36 , 25/01/2021 Comments Off on Legal Framework Of Obtaining Natural Gas Import License In Turkey
Incorporating In Free Zones In Turkey

Incorporating In Free Zones In Turkey

Free zones legislation in Turkey offers quite a few advantages for those who are operating in these special trading areas. As a result, incorporating in free zones may be very tempting for those businesses whose operation in Turkey is (or will be) suitable for being conducted within a free zone. This is especially true if […]

11:10 , 22/01/2021 Comments Off on Incorporating In Free Zones In Turkey
Update on 2021 ICC Arbitration Rules

Update on 2021 ICC Arbitration Rules

As of 01.01.2021, new ICC Rules for Arbitration have become effective. Here in this paper, we would like to outline the revisions that stand-out in the new 2021 ICC Rules. a. Joinders Pursuant to 2017 ICC Rules, unless otherwise is agreed by all parties (including the additional parties), joinders after the confirmation or appointment of […]

14:31 , 18/01/2021 Comments Off on Update on 2021 ICC Arbitration Rules
Opportunities for Foreign Investors in Turkey

Opportunities for Foreign Investors in Turkey

As a fast-growing economy in a strategically vital locale between Europe and the Middle East, a robust business community and a young population — Turkey offers many opportunities for foreign investors. Too, in recent months, the Turkish Government has announced a renewed commitment to reform to attract more foreign investment – redoubling a long-standing tradition […]

12:27 , 18/01/2021 Comments Off on Opportunities for Foreign Investors in Turkey
Turkey Signs a Free Trade Agreement with the United Kingdom

Turkey Signs a Free Trade Agreement with the United Kingdom

The UK-Turkey Free Trade Agreement (the “FTA”) was signed on 29.12.2020 by the UK’s International Trade Secretary Liz Truss and Turkey Minister of Commerce, Ruhsar Pekcan in a video-conference call and will be effective as of January 1st, 2021. Although Turkey is not a member of the EU, it has been a member of EU […]

12:31 , 04/01/2021 Comments Off on Turkey Signs a Free Trade Agreement with the United Kingdom
Amendments to the Consumer Protection Legislation

Amendments to the Consumer Protection Legislation

Amendments and additions have been made to the consumer protection legislation with the Regulation Amending the Regulation on Warranty Certificate (the “Warranty Certificate Amending Regulation”), the Regulation Amending the Regulation on After-Sales Services (the “After-Sales Services Amending Regulation”) and the Regulation Amending the Regulation on Introduction and User Manual (the “Introduction and User Manual Amending […]

10:02 , 30/12/2020 Comments Off on Amendments to the Consumer Protection Legislation
Energy Law Update: Amendments to the Electricity Market Law

Energy Law Update: Amendments to the Electricity Market Law

Having been published on the Official Gazette No. 31322 dated 02.12.2020, the Law No. 7257 Regarding Amendments to the Electricity Market Law and Other Laws (the “Law”) brings important changes to the Value Added Tax Law No. 3065, Natural Gas Market Law No. 4646, Mining Law No. 3213, Public Procurement Law No. 4734, Law No. […]

13:20 , 04/12/2020 Comments Off on Energy Law Update: Amendments to the Electricity Market Law
Energy Law Update: Amendments on the Law Regarding Renewable Energy Sources

Energy Law Update: Amendments on the Law Regarding Renewable Energy Sources

Having been published on the Official Gazette No. 31322 dated 02.12.2020, the Law No. 7257 Regarding Amendments to the Electricity Market Law and Other Laws (the “Law”) brings important changes to the Value Added Tax Law No. 3065, Natural Gas Market Law No. 4646, Mining Law No. 3213, Public Procurement Law No. 4734, Law No. […]

12:38 , 04/12/2020 Comments Off on Energy Law Update: Amendments on the Law Regarding Renewable Energy Sources
Application Period for Short-Time Working Allowance Has Been Extended

Application Period for Short-Time Working Allowance Has Been Extended

The Presidential Decree No. 3238 (the “Decree”) regarding extension of application period for short-time working payments has been published on the Official Gazette No. 31321 dated December 1st, 2020. Short-time working allowance period, that was regulated subject to the principles as per the Temporary Article 23 of the Unemployment Insurance Law No. 4447, has been […]

12:00 , 01/12/2020 Comments Off on Application Period for Short-Time Working Allowance Has Been Extended