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The Turkish Banking sector is expected to operate in crunchy year in 2014.

Borçlanma Araçları Tebliği'nde yer alan ihraç tavanı limiti İFK tarafından ihraç edilecek borçlanma araçları için uygulanmayacak.

The Turkish e-commerce market has been expanding rapidly over the past few years.

Turkey has revised rules for executing mortgage deeds, meaning that credit institutions and agricultural credit cooperatives can now conclude mortgage contracts ...

When considering the main rationale behind establishing a joint stock company, the most important is the financial benefits of being a shareholder of a joint stock company which is the opportunity to participate in the profit sharing.

This year, the Turkish prime minister’s favorite saying has surely been that the global economic crisis would touch Turkey "only tangentially." Arguably, he is right.

The Omnibus Law No. 6111 has authorized the CMB for supervision and surveillance of the over the counter leveraged trading activities, the so-called forex transactions, as from August 25, 2011.

Following the announcement of new trading principles which will be applicable for thin stocks as from 01.10.2010, CMB has continued to take additional measures for the efficient price formation in Turkish Stock Markets and for the prevention of stock market manipulation/disorder.

The Capital Markets Board (“CMB”) Communiqué on Principles Regarding Proxy Voting at the General Assembly of Shareholders Meetings of Publicly Held Joint Stock Corporations, Proxy Solicitation, and Tender Offers (“Communiqué”) is the main piece of legislation regulating the obligation to launch a tender offer when one party or parties acting together, directly or indirectly, acquires 25% or more of the share capital and voting rights or control of a publicly held joint stock corporation.

The CMB has revised the legislation on Mutual Funds with a view to abolish certain limitations, to provide new investment options for Fund portfolios and to initiate competition among the Funds.

When considering the main rationale behind establishing a joint stock company, the most important is the financial benefits of being a shareholder of a joint stock company which is the opportunity to participate in the profit sharing.

The Turkish Commercial Code (“TCC”) was adopted in 1956, inspired by arguably the best codes of its age and since then, it was only sporadically updated. An overall effort to modernize the TCC has been in progress for the past five years, and finally, the relevant Commission of the Ministry of Justice presented the “Turkish Commercial Code Draft” (“Draft Code”) for public opinion in late February 2005.

ING extends loan facility to Izmir Metropolitan Facility for the procurement of light rail cars following last year's loan facility for the construction of two urban tram lines.

The aim of these amendments is to promote conscious consumption.

The Turkish economy, which aims to access funds from international markets has recognized the need for "good governance" after challenges faced in the past financial crises and corporate scandals. The concept of "corporate governance" has become an important subject for companies, especially for publicly held entities.

This Legal Alert seeks to provide information regarding the recent amendments to the "Circular on Capital Movements of the Central Bank of the Republic of Turkey".

Because of Turkey’s dynamic and growing economy, huge market size and competitive and skilled labor force with a young population, foreign investors are widely interested in investing in Turkey.