On Institutionalization in Family Corporations Under Turkish Law
As is known, vast majority of corporations in Turkey are family corporations. As stated by Güler Sabancı, the Chairman of the Board of Directors of Sabancı Holding, in newspaper Hürriyet dated 04.10.2017, “95 percent of businesses in Turkey comprise of family corporations. Average lifetime of family corporations in Turkey is 25 years. Only 30 percent …
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THE EFFECT OF HOUSİNG, LAND, AND PROPERTY (HLP) RIGHTS ON WOMEN IN EXTRAORDINARY CONDITIONS
In many parts of the world, women and girls are disadvantaged with limited economic assets, education and job opportunities, and it is a fact that once the crisis is over they will find themselves behind the old normal healthy world. Many women work in the informal sector and do not have access to job protection, …
İcra İflas Kanunu Madde 100 Bilgi İstemi ve Uygulaması
İcra ve İflâs Kanunu’nun 100. maddesi uyarınca alacağı, haczi koyduran alacaklının alacağından önce doğmuş olan alacaklı, bu durumu kanunun öngördüğü belirli vasıtalarla ispat ederek, hacze ayni derecede katılabilir. Bu taşınmazın satışı için yapılacak ön işlemlerde herhangi bir hak kaybı olmaması ve satış yapıldıktan sonra sıra cetveli oluşturularak satış bedelinin ödenmesi açısından 100. madde bilgilerine başvurulması …
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THE PROVISIONS THAT HAS BEEN POSTPONED OF THE RENTAL AGREEMENT
Introduction In the Turkish Code of Obligations No. 6098, the entry into force of some provisions related to workplace rental agreements in which the tenant is a merchant or legal person has been postponed for eight years. Articles 323, 325, 331, 340, 342, 343, 344, 346 and 354 of the Turkish Code of Obligations, that …
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AMENDMENTS IN THE LAW OF THE PROTECTION OF COMPETITION ON 24.06.2020
As it is known, some amendments have been made in the Law No. 4054 on the Protection of Competition with the law, which was published in the Official Gazette No. 31165 on 24.06.20. In this context, it is necessary to examine the important subjects that are regulated. Because, although the market’s freedom is indispensable, it …
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Capital Markets Board of Turkey Amends the Communiqué on Principles of Venture Capital Investment Funds
Capital Markets Board of Turkey has made amendments on several issues regarding venture capital funds, including new rules on activities of fund, representation of the fund, principles on investment companies and venture capital investments and new requirements for public disclosures, with the Communiqué numbered III-52.4.b on Amendment of the Communiqué on Principles of Venture Capital …
Turkish Constitutional Court: Imposing a Preliminary Injuction for an Unreasonable Time Violates the right to property.
Turkish Constitutional Court recently ruled that imposing a preliminary injunction on the applicant’s immovable property for 19 years violates the right to property. The decision relates to an application in which the applicant alleged a violation of the property right due to the imposition of a preliminary injunction for an unreasonable length of time in …
TITCK Updates the Guideline regarding the Regulation on the Sale, Advertising and Promotion of Medical Devices
Turkish Medicine and Medical Devices Office (“TITCK”) has updated Guideline (“Guideline”) regarding the Regulation on the Sale, Advertising and Promotion of Medical Devices (“Regulation”) on 20 October 2020 and introduced new provisions regarding the process of examination of the candidates and providing of compliance certificates of applicants which are sent by e-mail shall be provided …
Turkish Constitutional Court: In Correction Requests Regarding Declaration-based Taxes Miscalculated
Turkish Constitutional Court, ruled that the dismissal decision adopted by the first degree court rendered due expiry of the time period of application commencing from tax payment date in correction requests for declaration-based taxes miscalculated due to the applicant’s error, constitutes a violation of the right of access to courts which is an integral part …
Turkish Constitutional Court: Turkish Counsel of State’s Failure of Unification of Discrepancies Between Precedents in Tax Litigation
Turkish Constitutional Court ruled that the applicant’s right to fair trial is violated due to Turkish Counsel of State’s failure to unify discrepancies between precedents in tax litigation in a reasonable time. In the present case, Tax administration requested applicant to submit his legal books and documents for the calendar years 2008, 2009, 2010 for …