Doing Business In: Indonesia
Recently, the Indonesian government has issued Law Number 11 of 2020 on Job Creation (commonly known as “Omnibus Law”). The issuance of the Omnibus Law is one of the Indonesian government’s efforts to attract more Foreign Direct Investment and make it easier to do business in Indonesia. The Omnibus Law comprises 15 chapters and …
Doing Business In: Montenegro
MONTENEGRO With its lovely location, high mountain covered with snow and ice, long river, lovely beaches, and abundance of energy sources, Montenegro is an excellent site to combine the pleasant and the practical. Population: 622,373 (2017 midyear est.) Area:000 km2 Government: is an independent and sovereign state, republican form of government. Montenegro is a civil, …
Doing Business In: Ethiopia
Name – Federal Democratic Republic of Ethiopia Capital city – Addis Ababa Population (2021) – 120,283 million (World Bank) Languages spoken (three most widely spoken) – Amharic, Afan Oromo, Somali Neighbouring countries – Somalia, Kenya, South Sudan, Sudan, Eritrea, Djibouti GDP – USD111.27 billion (2022) (World Bank) Net inflow of FDI (2021) – USD 4.26 …
Foreign court judgments are not directly enforceable in Turkey. According to Art. 50 of Private International Law and Procedure Act numbered 5718 (the “Act”), a final judgment rendered by a foreign civil court can only be enforced in Turkey if a competent Turkish court decides that it is enforceable. Therefore, those holding a foreign court …
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Turkey’s dynamic regulatory framework, anchored by the Electricity Market Law and its accompanying regulations such as Storage Regulation, License Regulation, and YEKDEM Regulation, unveils a compelling landscape for investors seeking to seize opportunities in the burgeoning electricity storage sector. By embracing a progressive approach, Turkey has established an advantageous environment for the establishment and operation …
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Turkey’s urbanization, which gained momentum in the late 20th century and continues today, has raised concerns regarding unstructured urban planning, construction in unsuitable regions, and technically deficient buildings. These challenges, exacerbated by Turkey’s location in an earthquake-prone zone, have resulted in severe tragedies during catastrophic earthquakes and floods. The devastating earthquake of 2023 brought these …
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